Charitable donations of land or an interest in land (conservation easement) to public or private conservation agencies for conservation purposes are eligible for a state tax credit through the New Mexico Land Conservation Incentives Act.
The maximum tax credit is 50% of the appraised value of the donation and a maximum of $250,000 per individual donor.
Land conservation tax credits must be approved by the Energy, Minerals and Natural Resources Department Secretary in consultation with the Natural Lands Protection Committee. Please refer to Rule 30.13.20 NMAC for details on eligibility and certification of the tax credit.
A taxpayer has a maximum of 20 years to fully use the tax credit following the taxable year in which the donation was made, or the tax credit may be transferred (sold) to another taxpayer through a tax credit broker in minimum increments of $10,000.
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FLP Conservation Easement - Ancho Ranch
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