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Re: Conservation easment purchase
[Re: Whild_Bill]
#2957616
11/16/19 07:39 AM
11/16/19 07:39 AM
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Joined: Jul 2011
Posts: 34,610
Boxes Cove
2Dogs
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 34,610
Boxes Cove
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Landowner does not get a big fat check. They get a tax credit that is based on an appraisal of what the land would be worth if it were to be developed. Future value. The tax credit can be used by the owner or sold to others looking for tax credits. Yep, you get big tax credits and breaks for not doing something like, developing or mining . You can use the land in any way you want , you just can't do whatever you've agreed not to do. It is usually works out well for folks that are in very high tax situations. They get big tax breaks for not doing something they weren't going to do anyway.
"Why do you ask"?
Always vote the slowest path to socialism.
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