2007-12-28 (2007 PONC Annual Report to the Mayor)

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Additional information from the workshop is available in the workshop materials on file with the PAOSNRP Commission, or by contacting the workshop faculty at Coblentz Patch Duffy & Bass, LLP at (415) 772 -5725 or jbg @cpdb.com, or the workshop's lead sponsor, the Hawaii Island Land Trust. 1 Under the Pension Protection Act of 2006, which expires at the end of 2007 but may be extended by Congress in the future, a landowner may take an income tax deduction based on the appraised value of the conservation easement of up to 50% of his/her adjusted gross income, with a carry forward period of 15 additional years. Qualifying farmers and ranchers who earn at least 50% of their gross income from farming or ranching activities may take an income tax deduction based on the appraised value of a donated conservation easement of up to 100% of their adjusted gross income for up to 15 years.