[MassHistPres] preservation easements

[Marcia Starkey]

There is current legislation to allow MA deductions for such gifts. It is, I 
think, in a joint committee after being reported favorably by the Senate. 
This needs support in order to survive. Marcia Starkey, Greenfield
----- Original Message ----- 
From: "Mory Bahar" <morybahar at yahoo.com>
To: "'William Shaw'" <willsshaw at msn.com>; <masshistpres at cs.umb.edu>
Sent: Tuesday, July 11, 2006 10:23 AM
Subject: Re: [MassHistPres] preservation easements


> 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
>
>
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