NC H905

Reenacts and modifies the conservation tax credit for individuals, pass-through entities, and C corporations who donate real property interests in North Carolina for qualifying conservation purposes.

Narrows eligible conservation uses from nine categories to four: farmland conservation, buffering military installations and training areas, floodplain protection, and improving public access to public land, water, trails, or beaches.

Provides a tax credit equal to 25% of the fair market value of donated property, with annual limits of $250,000 for individuals, $500,000 for married couples filing jointly, and $500,000 for C corporations and pass-through entities.

Allows unused credit portions to be carried forward for up to five succeeding years and requires certification from the Department of Natural and Cultural Resources and an appraisal report to support claims.

Effective for taxable years beginning on or after January 1, 2017.