Land Conservation Incentives Tax Credit

Under the New Mexico Land Conservation Incentives Act, charitable donations of land, or an interest in land such as a conservation easement, to public or private conservation agencies for conservation purposes are eligible for a state tax credit. Credits must be approved by the EMNRD Secretary in consultation with the Natural Lands Protection Committee, and the credit may be used over up to 20 years or transferred (sold) through a broker. Award: The maximum tax credit is 50% of the appraised...