Increasing Incentives to Donate Land for Conservation
An Act Increasing the Conservation Land Tax Credit
S.1767 • H.2522
Sponsored by Senator Bruce Tarr (R-Gloucestor) & Representative Bradley Jones (R-North Reading)
The Massachusetts Conservation Land Tax Credit program (CLTC) offers an incentive for landowners who donate land for conservation purposes. Approved land donations that fit CLTC criteria are eligible for a tax credit of 50% of the donation value, up to $75,000.
CLTC is funded for up to $2 million a year, and is long overdue for a funding expansion that would allow for a larger number of these credits to be offered.
This bill would:
- Raise the annual cap of the CLTC Program from $2 million to $5 million per year.
- Achieve this by increasing the cap by $1 million/year over a three-year period.
You can help CLTC get its funding! Please contact your legislators and ask them to support this bill.