1.615 -Conservation Land Credit

Item	Description	FY2011	FY2012	FY2013	FY2014	FY2015
1.615	Conservation Land Credit Filers who donate land for conservation in perpetuity for the use of all citizens of the Commonwealth can receive a credit of up to $50,000. Approval of the donation is required from the Secretary of the Office of Energy & Environment Affairs. The credits may not be sold or transferred to another taxpayer, but are refundable. The total credits that may be approved are capped at $2.0 million annually. Origin: M.G.L. c. 62, S. 6 (p), Ch. 509 Acts of 2008 S. 1-4. Estimate: $2.0	0	0	2	2	2

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
U.S.C	United States Code
M.G.L.	Massachusetts General Laws
Rev. Rul.; C.B.	Revenue Ruling; Cumulative Bulletin of the U.S. Treasury
ESTIMATES	All estimates are in $ millions.