What is the New Mexico Land Conservation Tax Credit?
The New Mexico Land Conservation tax credit is a tax credit New Mexico taxpayers may receive in exchange for the donation of a conservation easement or land. Originally, the tax credit was valued at up to $100, 000. In 2007, the law was expanded to increase the incentives to taxpayers. Credits for conservation easement donations made after January 2008 are now valued at 50% of the donated value, up to a maximum credit amount of $250, 000. In addition, the tax credit is now transferable, allowing a donor to sell an earned credit to a third party.
