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Advocates Alert 12/14/2007: Senate Passes Tax Incentive
This afternoon the Senate passed a Farm Bill that includes a provision making the new tax incentive for conservation donations permanent. This is a great step forward in our campaign for the new incentive.
We are very grateful to the leadership of Senators Max Baucus and Charles Grassley for having moved this forward. This victory was only possible because of the many land trust leaders across the country who weighed in with their Senators on behalf of this conservation milestone.
This is not the end of the process. A final bill will require a House-Senate conference in January of next year. If the conference approves the Senate provision, it will be made retroactive to January 1 of 2008.
Russell Shay
Director of Public Policy
Land Trust Alliance
1660 L Street, NW Suite 1100
Washington, DC 20036
202-638-4725 x 305
rshay@lta.org
For the latest updates on the NEW TAX INCENTIVE go to www.lta.org/publicpolicy !
Sign up to be a Land Trust ADVOCATE at: http://www.lta.org/publicpolicy/advocates.htm
Land Trust Alliance ~ 1660 L St. NW, Suite 1100 ~ Washington DC, 20036 ~ (202) 638-4725
updated 12/14/07
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