Land Conservation Tax Credits

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 the 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.

Ancho Ranch (R. Sivinski)
holder

        2014 Assessment Application
               Deadline Dates

May 30, 2014

August 8, 2014


 


To apply for a Tax Credit, please complete Land Conservation Assessment Application

This application, along with one paper original and eight copies (electronic copies can be sent in the form of compact discs, digital video discs, or USB flash drives) of all required documents (items will be listed on application) must be received by close of business on the next assessment deadline date and sent to:

Rhonda C. Fitzgerald
Land Conservation Program Specialist
New Mexico State Forestry Division
1220 S. St. Francis Drive
Santa Fe, NM 87505
(505) 476-3272


Vallecitos Mountain Refuge (R. Sivinski)
holder

 



All Assessment Applications received by the deadline will be reviewed by the Natural Lands Protection Committee and the Energy, Minerals and Natural Resources Department (EMNRD) Cabinet Secretary at a Public Meeting held at a later date. Eligibility certification will be determined at that time.

      2014 Certification Application
    Public Meeting Dates with the NLPC

 To Be Determined


Applicants approved for eligibility must complete the Certificate of Eligibility Application. One original and two hard copies of the application are required, along with all the items listed on application. Please send to Rhonda C. Fitzgerald at the address listed above. The Certification Application will be reviewed by the Land Conservation Program Specialist and forwarded to the New Mexico Tax and Revenue Property Appraisal Bureau for a complete review. If the appraisal is approved, a Certificate of Eligibility will be mailed from the EMNRD Cabinet Secretary to the applicant. This letter will be required when applying for a tax credit.

To receive a tax credit, please read the instructions and complete the necessary forms listed below and mail to:

NM Taxation & Revenue Department 
Tax Compliance Specialist Supervisor
Revenue Processing Division
P.O. Box 5418
Santa Fe, NM 87504
(505) 827-6811

Application Instructions
http://www.tax.state.nm.us/forms/year07/pd41282inst.pdf
Application
http://www.tax.state.nm.us/forms/year07/rpd41335.pdf
Credit Claim Form
Document #3
Credit Transfer Form
http://www.tax.state.nm.us/forms/year07/rpd41336.pdf


 

 
                 Alegres Mountain (R. Sivinski)
holder



Los Pinos (R. Sivinski)
holder



Guidelines
Appraiser Guidelines
Mineral Report Guidelines
Water Rights Guidelines

 

Contact:
Rhonda Fitzgerald
New Mexico State Forestry Division
Rhonda.Fitzgerald@state.nm.us
(505) 476-3272

State Forestry
505-476-3325
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1220 South St. Francis Drive | Santa Fe, NM 87505
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