The Federal government allows a tax deduction for donations to qualified not-for-profit organizations. Landowners have availed themselves of this benefit in making significant donation of land, or the development rights of such land, to entities including Land Trusts and Conservation Trusts. A number of states have increased the incentive to preserve such natural resources by issuing state tax credits to such donors. Colorado and Virginia are among the jurisdictions with active Easement Donation Tax Credit programs. Clocktower Tax Credits has experience in identifying state taxpayers looking to purchase such state credits, and potentially the federal tax deductions inherent in the donation. We work with family and corporate financial planners to ensure a financially sound transaction.
