Salt Point Timber v. Commissioner

U.S. Tax Court, 2017 TC Memo 245, December 11, 2017: Easement not deductible because holders not limited to “qualified organizations”.

Salt Point Timber granted the Lord Berkeley Conservation Trust a conservation easement for which Salt Point Timber received some payment but claimed a $2,130,000 deduction for the charitable contribution of the value of the easement in excess [...]

Averyt v. Commissioner

US Tax Court, 2012 TC Memo 198, July 16, 2012: Conservation Easement wording meets tax tests for contemporaneous written acknowledgment of gift.

The taxpayers made a donation of a conservation easement to a qualified conservation organization through a limited liability company, CMT. The donee sent a letter acknowledging the gift. The letter was timely, but did not, [...]

David v. Martins Point Property Owners Association

Court of Appeals of South Carolina, Unpublished No. 2011-UP-086, March 1, 2011: Enforces a private negative deed covenant imposed for conservation purposes and enjoins construction of a dock at a community lot in a subdivision. (Opinion has no precedential value under SC rules.)

A small limited partnership (“LP”) developed Martins Point with the express goal “to preserve [...]

USDA: $175M in Funding for Wetlands Reserve Program

USDA announced May 14, 2010, that $175 million in funding is available for the Natural Resources Conservation Service’s Wetlands Reserve Program. USDA says that funding will add 75,000 additional acres to the approximately 2.2 million acres currently enrolled in the program. The funding will go to wetland conservation projects in Alabama, Arkansas, California, Florida, Georgia, Indiana, [...]