What are the “conservation purposes” recognized by the Internal Revenue Code?
The Internal Revenue Service Code Section 170(h) requires that conservation easement donations meet one or more of the following conservation purposes: protects relatively natural habitats of fish, wildlife or plants; preserves open space – including farms, ranches or forests – either for scenic enjoyment or in keeping with an adopted public policy; preserves land for public outdoor recreation or education; or preserves historically important land or certified historic structures. Each conservation easement must meet one, but not all, of these recognized purposes. The conservation purpose of most conservation easement donations in Mississippi is derived from the protection of open space or wildlife habitat.
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- What are the "conservation purposes" recognized by the Internal Revenue Code?
- What are the "conservation purposes" recognized by the Internal Revenue Code?
