The second incentive would have provided property owners an exclusion from estate taxes for property that is set aside in a conservation easement. Over the past few years, as I've been working on legislation to reauthorize the Endangered Species Act, I've met with a number of farmers and ranchers and other property owners, many of whom own large tracts of land that they are willing to set aside in conservation easements to benefit species. But they are worried about the tax burden that they will leave behind for their children if they do that.
Dirk Kempthorne: “The second incentive would have provided property owners an exclusion from estate taxes for property that is set aside…”
Editor's note · Context
Discussing incentives for property owners to set aside land for conservation during a debate on the Endangered Species Act.
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