The act would make permanent a recently expired tax incentive that helps organizations like Black Canyon Regional Land Trust work with modest income landowners to conserve important natural or historic resources.
“Black Canyon Regional Land Trust is thrilled that Rep. Tipton has joined with so many of his colleagues to make this important conservation tool permanent,” said Conservation Director Dan Murphy. “We have seen firsthand the dramatic impact the incentive has had in helping landowners permanently conserve farms, ranches, forests, and wildlife habitat in southwestern Colorado and across the nation. We look forward to working with Rep. Tipton to get the bill passed.”
Landowners can retire the development rights on their land by donating a conservation easement to a land trust like Black Canyon Regional Land Trust – keeping farm, ranch and forest lands in productive use, protecting important fish and wildlife habitat, and conserving our scenic and historic heritage. Since the incentive expired at the end of 2011, landowners with modest incomes now receive little tax benefit from restricting what may be their family’s most valuable asset. By allowing donors to deduct a larger portion of their income over a longer period of time, the legislation could help thousands of family farmers, ranchers, and forest owners afford to conserve their land.
“This conservation incentive is a win-win opportunity for family farmers, ranchers, and conservationists in our community,” Tipton said in a press release. “I am proud to work with Black Canyon Regional Land Trust to support voluntary land conservation and I am committed to making this incentive permanent.”