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May 2008, Week 2

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Subject:
Re: Iowa Conservation Tax Credit needs immediate help
From:
Bill Witt <[log in to unmask]>
Reply To:
Iowa Discussion, Alerts and Announcements
Date:
Mon, 12 May 2008 14:28:28 -0500
Content-Type:
text/plain
Parts/Attachments:
text/plain (118 lines)
Thanks for the reminder, Cindy.  I was going to call last week...and forgot.

How are things at Hildebrand & Maddux, Pvt.Ltd.?  I hope you're both  
well, and doing lots of good!

--Bill


Quoting Cindy Hildebrand <[log in to unmask]>:

> A new  proposed state conservation tax credit needs support.  The
> information below is for anyone who might  be interested.
>
> The Iowa Legislature  passed the tax credit this year, with bipartisan
> support, for  landowners who donate easements or land for   
> conservation purposes.
> Now it  is part of a budget bill.  Governor Culver can sign the bill with the
> tax credit included, but he also has the power to item-veto tax   
> credits out  of
> the bill.
> This kind of tax credit is already offered by  twelve other states.  Those
> states have seen significant increases in  landowner donations as a result.
> If you want to support the credit, please  contact the Governor's office as
> soon as possible.  You can use their email  form at the address   
> below, or phone
> the Office of the Governor at  515-281-5211.
> _http://www.governor.iowa.gov/administration/contact/_
> (http://www.governor.iowa.gov/administration/contact/)
> Here's one sample message, but please use  your own words:
> Dear Governor Culver and Lt. Governor  Judge,
> Please support the Conservation Tax Credit in  HF 2700.  This credit will
> reward landowners who donate land or  conservation easements, and   
> will encourage
> more donations.
> We need more protected land in Iowa, for  the sake of recreation, water
> quality, and wildlife.  This kind of credit  has increased land   
> donations in other
> states, and is especially helpful to  landowners with moderate incomes.
> The benefits of this tax credit will  extend far into the future.  At a time
> when more and  more Iowa land is being put into rowcrops, it is especially
> needed.   Please sign this credit into law, and thank you for  your
> consideration.
> ***
> The factual information below is  being supplied with the permission of the
> Iowa Natural Heritage  Foundation, which has supported this tax   
> credit from the
> beginning.    Thank you, INHF.
>     *   Landowners will be able to  receive an income tax credit for 50% of
> the fair market value of their  contribution, up to $100,000 maximum  
>  credit. If
> their tax credit is larger  than they can use in one year, they can carry the
> excess credit forward for up  to 20 years.
>
>     *   The Iowa Natural Heritage  Foundation has worked during 2007-08 to
> encourage passage of this tax credit.  In our daily work with   
> landowners, we see
> how important it can be to make land  protection choices more affordable for
> Iowa landowners.
>
>     *   This state income tax credit  was a top recommendation of the
> Sustainable  Natural Resource Funding Advisory Committee - led by   
> bi-partisan members
> of the  Iowa legislature along with many of the state’s leading conservation,
>  environmental, sportsmen, and agriculture advocates
> (_http://www.iowadnr.com/sustainablefunding/index.html_
> (http://www.iowadnr.com/sustainablefunding/index.html)  )
>
>     *   In 2007 it was introduced and  passed the Iowa Senate as Senate File
> 587. The same language was added to a  larger budget bill in the   
> Iowa House in
> the final days of this year’s  legislative session.  You can  see the text of
> the new tax credit at
> _http://coolice.legis.state.ia.us/Legislation/82ndGA//Bills/SenateFiles/Introduced/SF587.html_
> (http://coolice.legis.state.ia.us/Legislation/82ndGA/Bills/SenateFiles/Introduced/SF587.html)    
> .
>
>
> Thanks for your  interest and help!
>
>
> Cindy  Hildebrand
> [log in to unmask]
> Ames, IA  50010
>
> "That we find a  crystal or a poppy beautiful means that we are less alone,
> that we are more  deeply inserted into existence than the course of a single
> life would lead us to  believe." (John Berger)
>
>
>
>
>
> **************Wondering what's for Dinner Tonight? Get new twists on family
> favorites at AOL Food.
> (http://food.aol.com/dinner-tonight?NCID=aolfod00030000000001)
>
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