[SEMCO] Conservation Restrictions and New Tax Incentives, FREE workshops

[hct at cape.com]

FREE, Public Workshops about Conservation Restrictions

and New Federal Income Tax Incentives

Workshop description below is followed by workshop dates, times, locations, and directions:

WORKSHOP DESCRIPTION:

 

The Compact of Cape Cod Conservation Trusts and local nonprofit land trusts invite landowners and the general public to this free workshop about powerful new federal income tax deduction incentives for conservation restrictions.  

 

A conservation restriction limits development to protect natural resources.  By implementing a conservation restriction, a landowner preserves his or her land while retaining ownership and traditional uses as well as realizing lower estate and property taxes. 

 

Each conservation restriction is tailored to the resources to be protected on the property and what uses the property owner wants to continue.  Examples of reserved rights can include maintenance of scenic views, trails and others.  Public access is not required.

 

Recent changes to federal tax law, designed to encourage conservation, have increased the tax benefits for landowners who donate a conservation restriction in 2006 or 2007.  The change in the law increases the amount of the deduction from 30% to 50% of adjusted gross income per year for 16 years, an extension of 10 years.  Unless Congress extends the law, it will expire at the end of 2007. 

For more information and a recent interview on National Public Radio about these powerful new incentives, visit www.compact.cape.com

 

Questions? Contact:

Mark H. Robinson, Executive Director of The Compact of Cape Cod Conservation Trusts, ph: 508-362-2565 

 

WORKSHOP DATES, TIMES, LOCATIONS, and DIRECTIONS:

Saturday, January 27th, 9:30 am - 11 am, Wellfleet Senior Center

Directions: Route 6 to Cahoon Hollow Road (Located just north of PJ's Restaurant), half mile on right is sign for Wellfleet Senior Center, follow road Senior Center on your right.

Directions: Route 6 to Exit 10, south on Rt. 124, left at blinking red light onto Queen Anne Road, right onto Oak St., after about 1 mile take right into Harwich Community Center (workshop in main room through front door)

Saturday, February 10th, 9:30 am - 11 am, Waquoit Bay National Estuarine Research Reserve in Falmouth
Directions from Falmouth: Proceed south on Route 28 (toward Mashpee). The Reserve is located a just under 2 miles from the Davisville lights in East Falmouth (1 mile from Mahoney's Garden Center and 0.5 miles from White's Landing/Edward's Boat Yard/Childs River) on the right after the Waquoit Cemetery. The Reserves offices are located on the second floor of the main building.

Background - The Compact of Cape Cod Conservation Trusts, Inc.:

The mission of The Compact is to assist in the acquisition, protection and management of open space on Cape Cod.  Founded in 1986, The Compact has received national recognition as an exemplary and leading land trust service center that provides technical land conservation assistance to 25 member land trusts and watershed associations, which collectively have over 10,000 members across Cape Cod’s 15-town region. 

Directions from East:  Route 6 to exit 5 (Route 149). Follow 149 South towards Marstons Mills to Route 28. Take a right on 28 North (towards Falmouth). Follow Route 28 around the Mashpee Rotary and continue on 28 North towards Falmouth/Woods Hole. The reserve is located 3.5 miles from the rotary on the left.

Saturday, February 3rd, 9:30 am - 11 am, Harwich Community Center

Michael W. Lach
Assistant Director
The Compact of Cape Cod Conservation Trusts, Inc.
Ph: 508-362-3422
Fax: 508-362-4480
Mailing Address:
P.O. Box 443
Barnstable, MA 02630
E-mail: compactm at cape.com
Website:  www.compact.cape.com
The Compact office location: 3239 Route 6A, Barnstable Village 


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