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 of land. Under this bill, taxpayers can claim a tax credit equal to the fair market value of their donation, which applies to trail corridors ranging from 50 feet to 2,640 feet on either side of an official National Scenic Trail. The credit is nonrefundable and cannot be combined with charitable deductions for the same property, though unused credits can be carried forward for up to ten years. The legislation allows continued recreational and agricultural use of protected land as long as such activities do not damage conservation values, and it requires the Secretary of the Interior to study the credit's effectiveness and report back to Congress within four years on whether it should be made refundable or transferable. The tax incentive takes effect immediately upon enactment to encourage private landowners to help complete and expand America's network of protected scenic trails.
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