However, there are some cases where water flow is added to the creeks because the removal of vegetation and the addition of impervious coverage. Less places for rain water to infiltrate back into the ground means more run off which makes its way into our waterways overflowing the banks. Developed farmland is one such culprit, and organizations such as The Land Conservancy for Southern Chester County, help to provide options in ways to protect these lands from development. If you are in a position of holding land and looking for options as to how to sustain it, or protect it for future generations we hope that you'll consider contacting TLC to learn about your options!!
Now is the Best Time in History to
Preserve Your Land!
Taxes rates are
high, that's bad news, but the good news is that favorable tax incentives and
offsets for private landowners are the best that they have been in history --
especially for working family farmers and landowners of modest means -- who
preserve their land with a voluntary conservation agreement.
But conservation
minded landowners only have until DECEMBER 21st
2013 to take advantage of the enhanced tax deduction. NOTE: Landowners
must contact TLC by OCTOBER 1st 2013 at the latest to begin the conservation
process.
When landowners donate a conservation easement to TLC they maintain ownership
and management of their land and can sell or pass the land on to their heirs,
while foregoing some or all of the future development rights.
The enhanced
incentive applies to a landowner's federal income tax. Specifically it:
- Raises the deduction a donor can take for donating a voluntary conservation agreement from 30% of their income in any year to 50%;
- Allows many farmers and ranchers to deduct up to 100% of their income; and
- Increases the number of years over which a donor can take the deduction from six to sixteen years.
If you are interested in preserving you land, have questions about
how tax incentives work or would like to hear about TLC's landowner
conservation financing options, contact Gwen Lacy, Executive Director at
610-347-0347 ext. 102 or director@tlcforscc.org.
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