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INTRODUCTION TO LAND CONSERVATION

TAX BENEFITS

The New Mexico Land Conservancy provides general information concerning tax incentives associated with conservation easements to assist you as you consider placing your land under conservation.

Federal and state laws, and Internal Revenue Service regulations, provide income and estate tax incentives for conservation easements and other forms of land conservation. All of these are based on the concept that protecting certain conservation values have significant public benefit.

Federal and State of New Mexico recognized conservation values include the protection of relatively natural habitat; historical or culturally important lands or structures; scenic views and open space; and public recreational and educational opportunities. The preservation of open space can include farm, ranch and forest land when it is for the scenic enjoyment of the general public or when such preservation is in accordance with a specific governmental conservation policy.

Please Note:  The New Mexico Land Conservancy cannot provide tax and legal advice, and recommends that you consult with your own tax and legal advisors when considering placing your land into a conservation easement.

RESOURCES:

TAX BENEFITS

Learn more about conservation easements

Introduction

Federal Tax Benefits

NM State Tax Benefits

Estate Tax Benefits

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