To be deductible, donated conservation easements must be legally binding, permanent restrictions on the use, modification and development of property such as parks, wetlands, farmland, forest land, scenic areas, historic land or historic structures. Current and future owners of the easement and the underlying property are bound by the terms of the conservation easement. Internal Revenue Code (Irc) § 170(h) states that a qualified conservation contribution is a contribution of a qualified real property interest (i.e., a restriction granted in perpetuity on the use which may be made of the real property) to a qualified organization exclusively for conservation purposes. The Irc and accompanying Treasury regulations outline the requirements to be met before a contribution is deductible. Qualified organizations that accept conservation easements must have a commitment to protect the conservation purposes of the donation and must have sufficient resources to enforce compliance with. . .
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Book Description lulu.com, 2013. Paperback. Book Condition: Brand New. 104 pages. 11.00x8.50x0.24 inches. In Stock. Bookseller Inventory # zk1304133923
Book Description lulu.com, 2013. Paperback. Book Condition: New. book. Bookseller Inventory # M1304133923