SC Encourages and Rewards Landowners for Stewardship
Under the Conservation Incentives Act (Act 283) passed by the South Carolina Legislature in 2001, the Palmetto State joined four other states offering transferable credits designed to encourage private landowners who donate qualified land or conservation easements.
Key Provisions of the Conservation Incentives Act
The law allows a taxpayer who is entitled to and claims a federal charitable deduction for a gift of land for conservation or for a qualified conservation contribution (conservation easement) donated after May 31, 2001, to claim a state income tax credit equal to 25% of the value of the donation up to $250 per acre. Taxpayers may use up to $52,500 credits per year. Any unused credits can be carried forward until used. For more information visit SC Dept of Revenue Tax Incentives: SC Conservation Credit