SPONSOR LINKS
spacer

PRINT ADS

spacer

TOP HOMES

HomeSeller
Top Homes



TOP WHEELS

WHEELS
FOR YOU




 Home > News > Story

Published - Wednesday, November 14, 2007

POST COMMENT | READ COMMENTS (No comments posted.)

Tax breaks for land conservation to sunset

   Advertisement   
Advertise Info. Website Directory
.
In August 2006, President Bush signed into law a temporary increase in the federal tax incentives available to landowners and farmers who voluntarily protect their land from development through legal agreements called conservation easements.

But the incentives will expire at the end of 2007 unless Congress votes to make them permanent. Bills aiming to do just that have amassed an overwhelmingly bipartisan list of co-sponsors in both the U.S. House and Senate (H.R. 1576, S. 469).

Among the 10-member Wisconsin delegation, however, only Reps. Ron Kind, D-La Crosse, and Paul Ryan, R-Janesville, have signed on with their support.

The new law catalyzed a surge of private land conservation in Wisconsin. Landowners across the state have been encouraged by the increased tax incentives to take action on their wishes to prevent subdivision and development on valuable natural lands by donating conservation easements.

“There have been some tax incentives in place for conservation easement donations in the past, but they were really only beneficial for people with fairly sizeable incomes,” said Michael Strigel, executive director of Gathering Waters Conservancy. “The new expanded incentives allow more families to achieve real tax benefits for their donations.”

Strigel said conservation easement donations support the quality of life of all Wisconsin taxpayers by keeping undeveloped lands open, maintaining the natural character of rural neighborhoods and ensuring that both agricultural and forested lands continue to contribute to the statewide economy.

The tax incentives, Strigel said, give more private landowners the opportunity to participate in the preservation of Wisconsin’s natural resources.

“Not all important conservation land is held by the very wealthy,” Strigel said. “We’d like Congress to keep these incentives accessible to more landowners by making the current law permanent.”
.
   Advertisement   
 Tell us what you think...

 Comments »


PLEASE NOTE: Comments on stories that frequently update through the day disappear with each update.
The comments above are from readers. In no way do they represent the views of the Coulee News.

Click here to report offensive or inappropriate comments. Please identify the comment you're concerned about, the story to which the comment was attached, the date of the comment and the person who made the post.

 Post a comment (150 word limit) »

Log In - If you have already signed up with The Coulee News, please sign in now!
*Member ID:
*Password:
  Forgot Your Password?
 
Sign Up - To encourage intelligent and meaningful conversation, The Coulee News requires all commenters to register before posting comments. It's quick, it's easy, and it's free! Just fill in the information below to get started!

**Your Member ID and password will be required to log in. Your comments will appear under your user name.

Do not use usernames or passwords from your financial accounts!

Note: Fields marked with an asterisk (*) are required!

*Create a Member ID:
*Choose a password:
*Re-enter password:
*E-mail Address:
*Year of Birth:
 

(children under 13 cannot register)

*First Name:
*Last Name:
Company:
Home Phone:
Business Phone:
*Address:
*City:
*State:
*Zip Code:
 

About Us | Advertise Online | Contact Us | Disclaimer | F.A.Q. | Privacy Policy | Requests | RSS | Webmaster | Website Directory
Copyright © 2010 The Coulee News. All rights reserved.
Material from this site may not be published, broadcast, rewritten or distributed. A Lee Enterprises subsidiary.