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Open Space Preservation: Federal Tax Policies Encouraging Donation Of Conservation Easements

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  • Daugherty, Arthur B.

Abstract

Donation of conservation easements is one way to achieve open space objectives for land. As an incentive for easement donation, tax reductions are available to the easement donor. One of the major tax incentives is deduction of the value of the easement as a charitable contribution on the donor* s personal Federal income tax return. Additional tax reductions may occur annually and/or on disposition of the property. Local real estate taxes should be less after the development rights are given away in the conservation easement. Capital gains tax, gift taxes, or estate taxes should be decreased when the easement donor disposes of his property.

Suggested Citation

  • Daugherty, Arthur B., 1978. "Open Space Preservation: Federal Tax Policies Encouraging Donation Of Conservation Easements," Economics Statistics and Cooperative Services (ESCS) Reports 279721, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerscs:279721
    DOI: 10.22004/ag.econ.279721
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    File URL: https://ageconsearch.umn.edu/record/279721/files/openspacepreserv32daug.pdf
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    References listed on IDEAS

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    1. Hady, Thomas F. & Sibold, Ann Gordon, 1974. "State Programs for the Differential Assessment of Farm and Open Space Land," Agricultural Economic Reports 307503, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Bills, Nelson L. & Weir, Stephen, 1991. "Role of the Non-Profit Private Sector in Rural Land Conservation: Results from a Survey in the Northeastern United States," Staff Papers 121492, Cornell University, Department of Applied Economics and Management.
    2. Bills, Nelson L. & Weir, Stephen, 1991. "Role of the Non-Profit Private Sector in Rural Land Conservation: Results from a Survey in the Northeastern United States," Staff Papers 121483, Cornell University, Department of Applied Economics and Management.

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