My amendment would have allowed property owners who grant conservation easements to exclude the value of property from estate tax. That would make it easier for families to keep their property intact and at the same time will benefit endangered and other species by preserving habitat for them. My third incentive would have allowed property owners to donate land for conservation purposes to take an enhanced deduction based on the full market value of their property. This will provide an important incentive for property owners who have land or water that provide habitat for endangered and other species to preserve that habitat. Over the past 3 years, I've met with many property owners who have said, ``we would be happy to step forward and preserve habitat for species and we would grant a conservation easement if there was an incentive.'' Well, this will provide that incentive.
Editor's note · Context
Discussing an amendment related to conservation easements and estate tax.
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