Tax Benefits

 

Favorable tax implications are often associated with the donation of land or conservation agreements. This is true for corporations as well as individuals.

Under new legislation introduced in 2002, donors of land receive a significant reduction in the amount of their federal and state income tax, payable through tax credits resulting from the value of the gifted lands.

Donations of ecologically sensitive land can be applied against 100% of a donor's annual income.

Donors also pay less tax on any capital gains that kick in when the land changes hands.

In order to be eligible for this benefit, all donations of land, or conservation agreements must be certified by Global IT Services - Nature Conservancy as ecologically sensitive, a process which Global IT Services - Nature Conservancy is pleased to facilitate on behalf of our donors.

For more information on entering a conservation easement, please contact Doug Wilson at:  dougwilson@globalitservices-natureconservancy.com - Conservation Easement