The Experts below are selected from a list of 2277 Experts worldwide ranked by ideXlab platform

James T Anderson - One of the best experts on this subject based on the ideXlab platform.

Katharine E Lewis - One of the best experts on this subject based on the ideXlab platform.

Christopher T Rota - One of the best experts on this subject based on the ideXlab platform.

Christopher M. Lituma - One of the best experts on this subject based on the ideXlab platform.

Nancy A. Mclaughlin - One of the best experts on this subject based on the ideXlab platform.

  • ABA RPTE Conservation Easement Task Force Report: Recommendations Regarding Conservation Easements and Federal Tax Law
    2019
    Co-Authors: W. William Weeks, Nancy A. Mclaughlin, Turney Berry, Jonathan G. Blattmachr, Jason E. Havens, James Slaton, Steve Swartz, Philip Tabas
    Abstract:

    In October 2015, the American Bar Association’s Real Property, Trust and Estate Law (RPTE) section convened a Conservation Easement Task Force. The objective of the Task Force was to provide recommendations regarding federal tax law as it relates to Conservation Easements. This Report is the culmination of the Task Force’s work. Part I of the Report is an Executive Summary of the Task Force’s recommendations. Part II provides the background necessary to understand the Task Force’s recommendations. Part III briefly sets forth the Task Force’s comments on the Tax Cuts and Jobs Act of 2017 as it relates to charitable contributions in general and Conservation Easement donations in particular. In Part IV, the Task Force recommends that the Treasury publish safe harbor provisions that would be common to most Conservation Easements. Part V sets forth the Task Force’s recommendations regarding amendments and discretionary consents, the inconsistent use regulations, and furthering transparency in Conservation Easement administration. Part VI discusses issues surrounding valuation of Conservation Easements. Part VII contains a brief comment on syndicated Conservation Easement transactions. Part VIII is the Task Force response to certain proposals the Treasury Department made (most recently in 2016) to change Conservation Easement law. Appendix A sets forth the “perpetuity” requirements of § 170(h) and the Treasury Regulations. Appendix B offers specific language to facilitate the preparation of key safe harbor provisions.

  • Trying Times: Conservation Easements and Federal Tax Law (October 2019)
    SSRN Electronic Journal, 2019
    Co-Authors: Nancy A. Mclaughlin
    Abstract:

    Since 2006, the Tax Court, District Courts, and Circuit Courts have collectively issued more than one-hundred opinions relating to the federal charitable income tax deduction for the donation of perpetual Conservation Easements. This outline discusses these court decisions and other developments in the Conservation Easement donation context.

  • Conservation Easements and the Valuation Conundrum
    2017
    Co-Authors: Nancy A. Mclaughlin
    Abstract:

    The Internal Revenue Service (IRS) first officially sanctioned a charitable income tax deduction for the donation of a Conservation Easement in 1964. In 1980, Congress enacted § 170(h), which authorizes a deduction for the donation of a Conservation Easement or a facade Easement that is “granted in perpetuity” to a government entity or charitable organization “exclusively for Conservation purposes.” The deduction has encouraged thousands of property owners to donate Easements that protect land and historic structures with important Conservation and historic values. The deduction has also, however, been subject to abuse, including valuation abuse.

  • Uniform Conservation Easement Act Study Committee Background Report
    SSRN Electronic Journal, 2017
    Co-Authors: Nancy A. Mclaughlin
    Abstract:

    This report was prepared by Nancy A. McLaughlin, Robert W. Swenson Professor of Law at the University of Utah S.J. Quinney College of Law, in her role as Reporter for the Uniform Law Commission's Uniform Conservation Easement Act Study Committee. The report provides an overview of the Uniform Conservation Easement Act (UCEA), which was approved by the Commission in 1981, and examines the provisions in individual state Conservation Easement enabling statutes that differ from the provisions in the UCEA.

  • An Introduction to Conservation Easements in the United States: A Simple Concept and a Complicated Mosaic of Law
    2015
    Co-Authors: Federico Cheever, Nancy A. Mclaughlin
    Abstract:

    The idea of a Conservation Easement – restrictions on the development and use of land designed to protect the land’s Conservation or historic values – can be relatively easily understood. More significant and more challenging is the complex body of state and federal laws that shapes the creation, funding, tax treatment, enforcement, modification, and termination of Conservation Easements. The explosion in the number of Conservation Easements over the past four decades has made them one of the most popular land protection mechanisms in the United States. The National Conservation Easement Database estimates that the total number of acres encumbered by Conservation Easements exceeds 40 million.Because Conservation Easements are both novel and ubiquitous, understanding how they actual work is essential for practicing lawyers, policymakers, land trust professionals, and students of Conservation. This article provides a “quick tour” through some of the most important aspects of the developing mosaic of Conservation Easement law. It gives the reader a sense of the complex inter-jurisdictional dynamics that shape Conservation transactions and disputes about Conservation Easements. Professors of property law, environmental law, tax law, and environmental studies who wish to cover Conservation Easements in the context of a more general course can use the article to provide their students with a broad but comprehensive overview of the relevant legal and policy issues.