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Committee releases tax deduction bill intended to boost private land conservation
Senate Environment and Energy Committee · January 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
S3287 would permit a state gross income tax deduction for amounts paid to landowners who sell conservation interests; The Nature Conservancy urged support citing acreage lost to development and the bill was released unanimously after a technical amendment.
The committee released S3287, a bill that would allow a gross income tax deduction for amounts paid to taxpayers for the sale of certain real property interests for conservation purposes. Rebecca Hilbert of The Nature Conservancy testified in support and highlighted New…
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