Growing A Greener Outer Banks NC

December 10, 2010

Carova property owners who can’t sell may have other options

Filed under: community, Tips — Tags: , — 4x4RE @ 2:47 pm

 

This is of special interest to land owners in the 4-wheel drive beaches of Carova, NC. If you are paying taxes and/or mortgage payments on property that is perhaps unbuildable, in protected wetlands, or for other reasons of little use or burdensome to you, you may be interested in placing your land in a conservation easement. The tax benefits of conservation easements are currently good and as you see below, might be increased, with your help. Please read the below section on conservtion easements.

Ask Burr, Hagan NOW to support conservation policies

Take Action!

 
Dear friend,

We have an immediate, now-or-never opportunity to include two critical conservation measures in the tax bill that Congress is negotiating with the White House: full and dedicated funding for the Land and Water Conservation Fund, and making permanent the enhanced conservation easement tax incentive.

Please call North Carolina’s Senators Richard Burr and Kay Hagan TODAY to encourage them to support including in the tax bill provisions that will:

  1. Make the expanded federal conservation tax incentive permanent, and
  2. Authorize full and dedicated funding for the Land and Water Conservation Fund (LWCF).

Senator Burr was the first Republican co-sponsor of the LWCF full funding bill. He also is a sponsor of the Senate bill to make the enhanced easement tax incentive permanent, which has broad bipartisan support.Please thank him for his leadership and urge him to maintain his support on these issues. You can reach his office at 202-224-3154.

Senator Hagan is an avid supporter of outdoor recreation and land and water conservation. But she has yet to sign on as a co-sponsor of either bill. Please ask her to commit NOW to supporting these critical measures. Call her office at 202-224-6342.

About the Land and Water Conservation Fund:

LWCF is the federal program that funds projects to protect irreplaceable natural areas and improve outdoor recreational opportunities nationwide. It works in partnership with state and local efforts to acquire and protect parkland, wildlife refuges, forests, trails and other areas.

In North Carolina alone, more than $180 million from LWCF has been used to acquire properties like these, supporting our state’s tourism industry and the health and well-being of its citizens. LWCF has been chronically underfunded since its founding, leading to numerous missed opportunities to invest in these important natural areas.

About the federal tax incentive for conservation:

The enhanced incentive helps landowners of modest means choose conservation by raising the maximum deduction a donor can take for donating a conservation easement from 30 percent of their adjusted gross income (AGI) in any year to 50 percent; allowing qualified farmers and ranchers to deduct up to 100 percent of their adjusted gross income; and increasing the number of years over which a donor can take deductions from 6 to 16 years.

This cost-effective incentive makes conservation a real option for farmers, ranchers and other modest-income landowners. The incentive increased the pace of easement donations by a third, to over a million acres a year, before it expired at the end of 2009.

Thank you for calling Senators Hagan and Burr! Please forward this message to your friends, and ask them to urge Senators Hagan and Burr to save the places we love by pushing for passage of these critical conservation measures before time runs out!

Land for Tomorrow

info@landfortomorrow.org



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