[vc_row 0=””][vc_column width=”2/3″][vc_column_text 0=””]In 2015 Congress enacted one of the most powerful conservation measures in decades: the enhanced federal tax incentive for conservation easement donations.
This short brochure summarizes the conservation easement tax incentive and provides answers to some frequently asked questions.
For the Sustainable Iowa Land Trust, the incentive represents vastly increased opportunities to protect land to grow healthy food in Iowa. Farmers and landowners can recoup up to 80 percent of the value of their land, depending on their financial and tax situation, while leaving a legacy of clean water, stronger small towns and healthy food to Iowa.
If you own land you’d like to see in specialty crop, pastured livestock or organic corn and bean production, donating a conservation easement can be a prudent way to both protect the land you love and to realize significant federal tax savings.
Other options include
- donating some or all of your land to defray capital gains from the sale of other land, or simply because you can, and/or
- donating a reserve life estate that keeps you in control of your land but makes tax incentives available now.
Talk to your legal and tax professionals for how federal and state income tax benefits may apply to your situation.
View the exact language that Congress passed and learn how it has changed existing statutory law and read a memo from the Internal Revenue Service offering guidance regarding deductions by individuals for qualified conservation contributions.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_single_image image=”2526″ img_size=”full”][/vc_column][/vc_row]