Nature Noted

Notes on a changing Nature

Location: Bellville, Texas, United States

I never would have predicted this one

Thursday, April 07, 2005

TNC's plan

The Nature Conservancy has come out with its plan on working with Congress to prevent abuses of conservation easements.
"The Conservancy’s proposals aim to strengthen existing laws and regulations by:
* Improving conservation easement appraisal practices and standards.
* Providing additional financial resources to the Internal Revenue Service to enable appropriate review and oversight of the easement valuation substantiation process.
* Ensuring that conservation easements have a clear conservation benefit and serve important public purposes.
* Limiting modifications to conservation easements.
* Instituting tax penalties for the violation of the terms of a conservation easement.
* Ensuring conservation easements are enforced by qualified and financially-secure conservation organizations".

A pdf with detailed proposals is on the page.


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