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Laws Give Break for Land Preservation. But Hurry.

Posted by on Mar 12, 2013 in Blog | Comments Off on Laws Give Break for Land Preservation. But Hurry.

Laws Give Break for Land Preservation. But Hurry.

  The new tax legislation signed at the beginning of the year renewed generous federal tax breaks for landowners who permanently preserve scenic, environmentally sensitive or historical properties. The preservation technique, known as a conservation easement, is a binding agreement, typically made between a landowner and a nonprofit group called a land trust, that places development restrictions on the property. Under the provisions in the new tax law, landowners generally can deduct the value of a donation up to 50% of their adjusted...

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