Reported by CommitteeFiled Feb 27, 2025
Sponsor: Bruce Tarr (R)
Latest Action
Bill reported favorably by committee and referred to the committee on House Ways and Means
Jul 2, 2026
Summary
The legislation increases the maximum credit for land conservation from $2 million to $5 million in staged increments through 2027 and adds qualified private nonprofit trusts as eligible recipients. It applies to both the existing credit under chapter 62 and the related credit in chapter 63, and the higher limits expire in 2035. The changes aim to encourage more land preservation by offering larger tax incentives.
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