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Back to the state tax credit overview Pending State Tax Credits for Conservation Several states are considering state tax credits, but we believe Massachusetts is the only state with pending legislation or other formal information. Tell us about potential tax credits in other states! Email policy@lta.org or call 202-638-4725.
The Massachusetts Conservation Incentives Act introduced May 25, 2006 is contained in the Senate’s FY ’07 state budget. This Act will provide a state income tax credit to Massachusetts taxpayers that donate certified land to the state or a non-profit conservation organization. The credit is valued at 50% of the appraised fair market value of the land and is limited to $50,000 with a carry forward period of 10 consecutive years. Currently, the credit may not exceed the donor’s annual state income tax liability. Like all states though, a Massachusetts resident can receive federal funding for a conservation easement. The Massachusetts conservation easement tax credit is non-transferable and applies in addition to federal tax benefits.
updated 6/28/06
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