[Congressional Record Volume 160, Number 148 (Monday, December 8, 2014)]
[Senate]
[Page S6382]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
RURAL HERITAGE CONSERVATION EXTENSION ACT
Ms. COLLINS. Mr. President, I support efforts to provide permanent
enhanced conservation tax incentives for family farmers, ranchers, and
forest landowners who make charitable contributions of land for
conservation purposes. As a cosponsor of the Rural Heritage
Conservation Extension Act, S. 526, I am a strong supporter of these
valuable tools for protecting significant natural and historic
resources on privately owned lands.
These incentives expired at the end of 2013 and are among the so-
called extenders--tax provisions that are routinely extended each time
they expire. Making these provisions permanent would benefit wildlife,
enhance hunting, fishing and shooting access, and keep working lands
functioning and intact.
Specifically, the Rural Heritage Conservation Extension Act would
permanently increase the allowable deduction for charitable
contributions of property for conservation purposes. The maximum
deduction for individuals would increase from 30 percent to 50 percent
of adjusted gross income, AGI. Farmers and ranchers would be allowed a
maximum deduction of up to 100 percent of AGI. The bill would also
allow any unused deduction to be carried forward for up to 15 years to
help donors receive the full benefit of their contribution.
When this incentive was in place, it supported donations of
conservation easements in my home State of Maine. In 2012, a landowner
donated a conservation easement on a 20-acre property in Machiasport,
which is home to centuries-old cultural artifacts, including
petroglyphs. In addition to being a spiritual site for Maine's
Passamaquoddy tribe, this property allows people to explore the State's
precolonial history and provides access for local fishermen to utilize
valuable clam flats.
Another success story is from 2013 in Harpswell, where a landowner
donated a conservation easement on a 44-acre island property in the
heart of Casco Bay. The easement provides public access to a scenic
peninsula where visitors can picnic, boat, and kayak. Due to this
generous donation, Casco Bay is experiencing increased recreational use
while also protecting critical habitats for many species of wildlife
including shorebirds, herons, and bald eagles.
Continuing the enhanced conservation tax incentives would assist in
the conservation of thousands of additional acres and provide a whole
host of community benefits--protecting historical features, securing
economic opportunities, enhancing recreational access, and preserving
valuable wildlife habitat--in 2014 and beyond.
I urge my colleagues to support this important bill.
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