FARMER TAX BENEFIT ACT

Summary

The bill lets landowners apply for a state income‑tax credit when they give a qualified conservation easement (100 % of its fair market value) or donate fee‑simple or remainder interests (50 % of value). The credit is limited to $500,000 per donation and $7.5 million total each fiscal year, and is administered by the Department of Natural Resources. It aims to encourage private protection of farms, forests, wetlands and historic sites.

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