We Are Golf Intercedes on Conservation Easements for Golf Courses

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 04_25_14_175wWe Are Golf (WAG), the industry’s advocacy coalition, scored a significant victory recently when it successfully reversed an effort within the Senate Finance Committee to specifically exclude golf courses from eligibility for conservation easement tax incentives. We Are Golf’s Washington, D.C.-based advocacy firm, Forbes-Tate, led an effort that was supported by several WAG member organizations, including CMAA, to convince key members of the Senate Finance Committee to include golf courses among eligible land uses for conservation easement tax incentives during the mark up of the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act
On April 3, the Senate Finance Committee voted to extend a package of key expired or expiring tax provisions, including the conservation easement for golf courses through December 2015. Conservation easements allow a property owner to deduct the value (a partial interest) that is donated to a qualified charitable organization exclusively for conservation purposes. The proposal would amend the charitable contribution deduction provision to prohibit a deduction for any contribution of property that is in use as a golf course. First created in 2006 and extended multiple times, the conservation provision expired at the end of 2013.
We Are Golf will continue to remain vigilant with both the Senate Finance Committee and the House Ways and Means Committee to ensure that golf courses remain eligible for conservation easement tax incentives.  While WAG was successful in this instance, much work remains to ensure that golf courses retain their conservation easement tax incentive eligibility and receive equitable treatment with other small businesses.
The EXPIRE Act will next go to the full Senate for consideration. Meanwhile, the House Ways and Means Committee Chairman Representative (R-MI) Dave Camp’s tax reform proposal does include a provision that excludes golf courses from conservation easement incentive eligibility. The House Ways and Means Committee has announced that its review of tax extenders will begin on April 29.  

Posted by Roshana Devkota at 05/01/2014 03:32:15 PM |