2091‑S.E AMS FRAS GOLD 004

ESHB 2091 - S AMD ‑ 540

    BySenator Fraser

                                               NOT ADOPTED 5/17/99

    On page 17, line 23, after "agency." insert "The department shall ensure that the acquisition complies with all internal revenue service requirements for transfers of conservation easements if the landowner so requests."

    On page 24, after line 24, insert the following:

    "(7) In such cases where the acquisition is of a conservation easement, the department shall ensure that the acquisition complies with all internal revenue service requirements for transfers of conservation easements."

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EFFECT:  Requires that transfers of conservation easements are done in a manner consistent with federal regulations.  If they are not consistent, the landowner might not qualify for federal tax reduction/benefit.  This will benefit the small landowner.