[MassHistPres] preservation easements

[Mory Bahar]

Bill,

Perhaps this note will address some of your questions, but feel free to call
me or email me directly if I can help further.

The preservation easements on qualified properties that are valid in
perpetuity and are granted to a qualified organization can result in a
federal tax deduction. This deduction is considered a charitable
contribution. Unfortunately, in the state of Massachusetts, charitable
contributions are not tax deductible on the state tax return. In other
states that we are active in such as NY, the property owners who donate an
easement get both state and federal tax deductions.

You will find additional information including latest developments and
updates on Congress continued commitment to this program, congressional
proposal to improve compliance with this law, and latest announcements from
the IRS regarding valuation of these donations ... on our web site
www.natarchtrust.org.

Mory

Mory Bahar
Independent Authorized Representative
National Architectural Trust
*Tel  :  978 352 5615
* Cell :  978 902 3828
mbahar at natarchtrust.org



-----Original Message-----
From: masshistpres-bounces at cs.umb.edu
[mailto:masshistpres-bounces at cs.umb.edu]On Behalf Of William Shaw
Sent: Monday, July 10, 2006 2:27 PM
To: masshistpres at cs.umb.edu
Subject: [MassHistPres] preservation easements


I've recently accessed information from the National Trust on "preservation
easements".
Does anyone know whether there are additional tax benefits in Massachusetts
at the state level in addition to federal tax benefits?  Any examples of
successful easements?  I understand that "Historic New England" has been
qualified as an easement-holding organization in some states.

Please pass on any helpful information - thank you!

Bill Shaw
Hopkinton Historical Commission


_______________________________________________
MassHistPres mailing list
MassHistPres at cs.umb.edu
http://mailman.cs.umb.edu/mailman/listinfo/masshistpres