- Budget Development
- Financial Statements
- Capital Budget
- Appropriation Recommendations
- Agency Information
- Operating Transfers
- Local Aid - Section 3
- Outside Sections
- Tax Expenditure Budget
- Appendix A
- Appendix D
1.615 -Conservation Land Credit
|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.
|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.|
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