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Committee passes bill to give conservation tax credits

Boise, ID

Tools

By Gina Jameson

03/03/08


BOISE, Idaho (AP) _ A bill that would offer income tax credits
to farmers, ranchers and forest owners as an incentive to preserve
their land has passed a House committee.

The House Revenue and Taxation Committee voted 11-to-6 today to
approve a bill that would fund up to $3 million in tax credits per
year.

The measure would offer up to $500,000 for landowners who grant
conservation easements on their property. The easements would have
to last at least 30 years.

A coalition of ranchers, growers, loggers, sportsmen and
conservationists is pushing the bill.

Lawmakers are wasting little time trying to modify the bill.

An amendment presented today would reduce the minimum term of a
conservation easement from 30 years to 5 years and cap it at 50
years.

House Majority Caucus Chair Ken Roberts says he is concerned
that future generations of farmers would have their hands tied by
lengthy conservation easements.
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(Copyright 2008 by The Associated Press. All Rights Reserved.)
APNP-03-03-08 1517MST<




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