Real Estate Developers and Conservation Easements ? Not as Simple as It Sounds
Stephen J. Small
24 PROBATE& PROPERTY MAY/JUNE 2005 Code § 170(h) provides an income tax deduction for the donation of a “qualified conservation contributiion to a “qualified organization”—typically a charitt or unit of government—for “conservation purposes.” 26 U.S.C. § 170(h). Code § 170(h) became law in 1980, and, as an attorney-advisor in the Office of Chief Counsel of the IRS at that time, the author participated in the drafting of the statute and wrote the corresponding income tax regulations. Through the...