CT SB00214

Amends chapter 229 of the general statutes to create an income tax deduction for persons who voluntarily protect their land from development through conservation easements

Allows tax deduction up to 50% of a taxpayer's adjusted gross income, or up to 100% for qualifying farmers who derive more than 50% of their income from farming activity

Permits carryforward of deductions that exceed the maximum allowed in any given year for up to 15 years

Purpose is to encourage and promote land conservation through tax incentives for conservation easement creation