Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

1.615 -Conservation Land Credit

Item DescriptionFY2012 FY2013 FY2014
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:  $0.8
1 0.9 0.8


IRCFederal 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.

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