The Charitable Conservation Easement Program Integrity Act of 2021 (S. 2256, H.R. 4164) is a direct threat to taxpayers across the country who have donated or would donate valuable property rights in the name of private land conservation.
Dear Secretary Yellen:
On behalf of the undersigned organizations, which advocate for millions of taxpayers across America, we write first to offer our congratulations and best wishes to you as the new Secretary of the United States Treasury.
On August 25, 2020, the Senate Finance Committee (“SFC”) staff issued a bipartisan report on “Syndicated Conservation Easement Transactions” following a sixteen-month fact-finding inquiry into conservation easements donated by partnerships, which originated after lobbyists representing interests on both sides advocated for policies related to these transactions.
The Internal Revenue Service recently took important steps on a number of issues, including carbon capture tax credits, opportunity zones and even cryptocurrency.
At the start of a new decade, America faces the competing challenges of unprecedented concern for our environment bumping up against growing development pressure that threatens critical landscapes, vital habitats and lands with tremendous environmental value.
In 2019, Webb Creek managed partnerships donated approximately 1,882 acres of property to the Hatfield McCoy Regional Recreation Authority in Fayette County, West Virginia. The Authority is comprised of over 250,000 acres of land and operates over 700 miles of outdoor trails.
The passage of last year’s Taxpayer First Act represented a rare bipartisan accomplishment in Washington. The bill made significant steps forward in commonsense reforms to the IRS, including strengthening taxpayers’ right to appeal and modernization efforts that are long past due.
A fundamental principle of our system is that laws and policies should change only with sufficient public input—and notice.