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Senate waives five-year rollback tax for donated conservation easements, with safeguards
Utah State Senate · February 27, 1995
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Summary
The Senate approved House Bill 143 to waive the five-year property tax rollback for lands donated for conservation easements, subject to restrictions on eligible nonprofit holders and safeguards to record fair-market value and recoup taxes if easements are misused.
The Utah Senate voted to approve House Bill 143 on Feb. 27, which waives the five-year rollback tax that can otherwise apply when owners place property into conservation easements.
Senator Blackcomb explained the bill is intended to encourage donations of land to qualified conservation…
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