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.
Webb Creek’s Response to Senate Finance Committee’s 2019 Inquiry Announcement
On March 27, 2019, the Senate’s Committee on Finance announced a bipartisan fact-finding effort around conservation easements donated by partnerships.
The Conservation Easement Bonanza
What do the likes of Hollywood household names such as Steven Spielberg, George Lucas, Robert Redford and Harrison Ford have in common with business leaders such as Ted Turner and T. Boone Pickens?
Open Season – Again – On Conservation-Minded Taxpayers
This week marked the 50th Anniversary of Earth Day, a time when we are all reminded about what we can do to help nurture our planet. Apparently the Internal Revenue Service didn’t get the memo.
The Environment and Taxpayers Need IRS Guidance on Conservation Easements
The Internal Revenue Service recently took important steps on a number of issues, including carbon capture tax credits, opportunity zones and even cryptocurrency.
2020 a Make-or-Break Year for Market-Based Conservation Solutions
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.
Webb Creek Facilitates Donation of Land to Hatfield McCoy Regional Recreation Authority
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.
National Taxpayer Advocate Recommends Stronger Safeguards for Conservation Deduction
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.
More Government Missteps on Conservation Easement Deductions
A fundamental principle of our system is that laws and policies should change only with sufficient public input—and notice.
IRS and Congress Waging Misguided War on Environmental Tax Deduction
Enormous bipartisan progress has been made in recent decades on environmental conservation, a policy area that has evolved as the country has grown, and its needs have changed.