The Farm Bill Needs Your Help!
The Farm Bill Needs Your Help!
Conservation Tax Incentive UpdateThe New Tax Incentive has Expired BUT... The conservation easement incentive passed in the 2006 Pension Protection Act (PPA) expired on December 31st – but the Land Trust Alliance is very hopeful that the incentive will be made permanent in the Farm Bill in the coming months.The Farm Bill the Senate passed in December includes a permanent extension of the new tax incentive for conservation easement donations and bargain sales, which expired on January 1st. The House Farm Bill doesn’t have a similar provision. A House-Senate conference to work out a final Farm Bill could start in late January, but the House and Senate bills are big (1,500 pages), complex, and very different – so a final agreement will probably take weeks to finalize.What you can do: Every bit of extra support for making the conservation easement incentive permanent in the House will help, and there are two easy ways for House members to show that support.
There is a good deal of talk of a Presidential veto of the farm bill. But Senator McConnell, the minority leader, believes there will be a new farm bill, as do other Republican Senators we talk to. See background, frequently asked questions, and resources on the tax incentive |

