This website will be periodically updated to alert readers of changes in the law subsequent to publication of A Tax Guide to Conservation Easements.

As this book was going to press, the following provision of the “Food,
Conservation, and Energy Act of 2008” was enacted by Congress over
a presidential veto in May 2008, extending the tax incentives for conservation
easement contributions enacted as part of the Pension Protection Act of 2006:

SEC. 15302. TWO-YEAR EXTENSION OF
SPECIAL RULE ENCOURAGING CONTRIBUTIONS
OF CAPITAL GAIN REAL PROPERTY
FOR CONSERVATION PURPOSES.
(a) IN GENERAL.—
(1) INDIVIDUALS.—Section 170(b)(1)(E)(vi) (relating
to termination) is amended by striking “December
31, 2007” and inserting “December 31, 2009”.
(2) CORPORATIONS.—Section 170(b)(2)(B)(iii)
(relating to termination) is amended by striking
“December 31, 2007” and inserting “December 31,
2009”.
(b) EFFECTIVE DATE.—The amendments made by
this section shall apply to contributions made in taxable
years beginning after December 31, 2007.
A Tax Guide to Conservation Easements
146