Filers who donate land for conservation in perpetuity for the use of all citizens of the Commonwealth can receive a credit of up to $75,000. 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, § 6 (p), Ch. 509 Acts of 2008 § 1-4.
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2016
FY2017
FY2018
FY2019
FY2020
Personal Income Tax
Credits Against Tax
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 $75,000. Approval of the donation is required from the Secretary of the Office of Energy & Environment Affairs.<BR><BR>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.
M.G.L. <a href="http://www.mass.gov/legis/laws/mgl/62-6.htm" target="_blank">c. 62, § 6 (p)</a>, <a href="http://www.mass.gov/legis/laws/seslaw08/sl080509.htm" target="_blank">Ch. 509 Acts of 2008 § 1-4</a>.
2.0
2.0
2.0
2.0
2.0
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