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Dear Summer,
Welcome to the Georgia Conservation Voters
Legislative Newsletter. This letter will be
circulated frequently during the 2006 legislative
session in efforts to keep you abreast on issues of
particular interest to you
on environmental legislation.
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Income Tax Credit for Land Conservation
House Bill 1107
Last week, Representatives Roberts, Golick, V.
Smith, Maddox, L. Smith, and Lewis unveiled House
Bill 1107, known to many of us as the Land
Conservation Tax Credit. This bill provides for a
25% state income tax credit up to $250,000 for
individuals and $500,000 for corporations who place
their land in a permanent conservation easement or a
qualified donation to state, county or municipal
governments, or a charitable nonprofit organization.
This bill, championed by the Governor and
supported by the general environmental community, is
modeled on a land conservation tax credit
implemented in North Carolina in 1983. Since its
implementation, the tax credit has helped North
Carolina permanently conserve almost 140,000 acres
of valuable land at a cost to the state of less than
17% of the outright purchase value.
The bill is on agenda at the Income Tax Subcommittee
meeting on Tuesday, January 31, 2005 at 8:30 A.M. in
Room 133 of the Capitol.
Find the bill...
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Georgia Conservation Voters (GCV) is a non-partisan
citizens' organization dedicated to protecting
Georgia's environment and the health of all
Georgians by advocating in the legislature and in
the media for strong environmental protections;
helping to elect conservation-minded leaders to
Georgia's General Assembly and selected local races;
and by holding our elected officials accountable for
how well they worked to protect and restore
Georgia's environment.
Sincerely,
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Last week the House Appropriations General
Subcommittee met to hear supplementary budget
requests by the Environmental Protection Division,
as approved by Governor Perdue. Among budgetary
issues discussed was the full funding of the
Hazardous and Solid Waste Trust Funds. If granted,
the increased revenue from the Hazardous Waste Trust
Fund would amount to $8.3 million and would enable
EPD to reimburse 104 local governments for previous
expenditure to clean up hazardous waste sites in
their areas.
