Georgia governor to push land conservation tax credits

[Thom Little]

Gov. Sonny Perdue will propose today a new state conservation tax credit that would act as an incentive for landowners to protect their property from development.

.......

If approved by the state Legislature, the tax break would be available to individuals or corporations who donate land or development rights to the state, local governments or a nonprofit group such as a land trust.

According to a news release from Perdue's office, the credit would be worth 25 percent of the fair market value of the donation, up to $250,000 for an individual or $500,000 for a corporation. If the credit is more than the landowner owes in state income tax, the unused portion could be carried over for up to five years.

"Without a doubt, that would stimulate interest and open up new avenues," said Bill Hodges, president of the Ocmulgee Land Trust. The trust holds conservation easements donated by landowners along the Ocmulgee River corridor and its tributaries.


http://www.macon.com/mld/macon/news/13560571.htm

[Dead_Parrot]

1. So, let me get this straight:

If you're rich and live in a big house, the state will pay you for being rich and living in a big house.

Sounds fair to me.

[RubyDuby in GA]

2. Funny how things like this only seem to be suggested in election years

and when he's behind in the polls........
and he's got the flaggers mad at thim.........
and the teachers hate him.........

and those are the two groups that put him in there to begin with. Well, them and Diebold.