Bill
SD 203
Overview: SD 203, "An Act increasing the conservation land tax credit", has passed the House and is awaiting the Governor's signature. The bill was introduced on February 27, 2025.
Overview: SD 203, "An Act increasing the conservation land tax credit", has passed the House and is awaiting the Governor's signature. The bill was introduced on February 27, 2025.
Purpose and Intent: The primary goal of this bill is to incentivize the preservation of private land for conservation purposes by increasing the available tax credits.
Key Provisions:
- Raises the maximum conservation land tax credit from $50,000 to $75,000 per eligible property
- Expands the types of conservation activities that qualify for the tax credit, including habitat restoration and sustainable forestry
- Allows the tax credit to be carried forward for up to 10 years, providing greater flexibility for landowners
Affected Parties and Impacts: This bill would directly benefit private landowners who choose to conserve their property for environmental, recreational, or agricultural purposes. It aims to encourage more widespread land conservation efforts across the state.
Procedural and Timeline Considerations: The bill has passed the House and is now awaiting the Governor's signature to become law. If signed, the increased tax credit would be available for eligible conservation activities starting in the next tax year.
Compiled from official sources — confirm details with the bill’s official record.
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