From the Yukon Newsdesk...

• The enhanced conservation easement tax deduction is set to expire on December 31, 2011.
  
  Representatives Mike Thompson (D-CA) and Eric Cantor (R-VA) introduced legislation (H.R. 1831) to make the easement incentive permanent. That bill had of 274 cosponsors from all 50 states at the end of the 111th Congress, including majorities of both parties.
  
  Senators Max Baucus (D-MT) and Charles Grassley (R-IA) have introduced similar legislation in the Senate (S. 812), with 41 cosponsors.
  
  Both President Bush’s FY 2009 budget and President Obama’s FY 2010/2011 budgets support extending the incentive. The Joint Committee on Taxation has scored a permanent easement incentive as costing $761 million over ten years.
  
  It remains for someone to calculate the value of ecosystem services that would be preserved by that $761 million-worth of conserved land.
• Represenatives look to make 2009 Act permament -- May, 2011
• Deal signs land tax credit transfers into law -- April, 2011
• Obama signs provision for land conservation incentives -- December, 2010
• H.R. 3534, the Consolidated Land, Energy, and Aquatic Resources (CLEAR) Act Passes and is adopted -- July, 2010

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