To amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified conservation contributions which include National Scenic Trails.
About This Bill
Committee
Latest Action · December 19, 2024
Referred to the Committee on Ways and Means, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The Complete America's Great Trails Act creates a new federal income tax credit for landowners who donate conservation easements that protect National Scenic Trails and the surrounding corridor areas. Eligible donors can claim a tax credit equal to the fair market value of their donated property interest, with the credit applying to trails designated under the National Trails System Act and extending up to 2,640 feet on either side of the trail. The legislation allows unused credits to be carried forward for up to ten years and prohibits landowners from claiming both the tax credit and a separate tax deduction for the same donation. The bill also requires the Secretary of the Interior to study the credit's effectiveness within four years and evaluate whether making it refundable or transferable would better encourage trail completion and expansion. This measure takes effect for any donations made after the law's enactment.
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