Tax Credit for National Scenic Trail Conservation
This bill introduces a new income tax credit for individuals who donate land for the conservation of National Scenic Trails. The aim is to encourage the completion and expansion of these trails, potentially increasing public access to recreational areas. The credit applies to donations of land that include at least 200-mile trails and their corridors.
Key points
New Tax Credit: You may receive an income tax credit if you donate part of your property for the conservation of a National Scenic Trail.
Support for Trails: The act aims to help complete and expand existing trails, potentially meaning more places for hiking and recreation.
Trail Definition: The credit applies to trails at least 200 miles long, including their corridors ranging from 150 feet to 2640 feet wide on each side.
No Double Benefit: You cannot claim both this tax credit and a tax deduction for the same donation.
Continued Use Allowed: Land covered by the credit can still be used for recreational or agricultural purposes, as long as it doesn't harm the trail's conservation goals.
Expired
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