Preserve tax credits that preserve natural resources
As a member of the Monroe County Open Space Committee, I believe we should oppose Senate Bill 170 [Charitable Conservation Easement Program Integrity Act of 2019] as it will change our current tax incentives to donate land for preservation. In 2015, I was pleased when Congress made permanent the tax credit for those individuals donating land for conservation.
Agricultural preservation, clean air and water, wildlife habitats and recreation use are just some of the reasons to preserve land. In the 1970s, Congress identified the need for land easements and provided a tax deduction for donations of land to a qualified land trust. The tax deductions became permanent in 2015, and over a decade over 20 million acres of land have been preserved as a result.
If Senate Bill 170 is passed, it will threaten any future efforts to conserve land.
We should ask our U.S. Senators to oppose Senate Bill 170 and stand up for continued preservation of our natural resources.