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Preserve
land and
reduce your
Georgia state
income tax.
In
2006, Georgia
created a
state income
tax credit for
the voluntary
protection of
conservation
land.
Landowners who
donate a
conservation
easement or a
permanently
protected
piece of
property to a
qualified
entity can
qualify for a
state income
tax
credit.
For 2013, the
credit is
worth up to
25% of the
fair market
value of the
donation, and
is capped
annually at
$250,000 for
individuals,
and $500,000
for
corporations.
Transfer
credits and
realize the
benefits of
conservation
today!
Beginning
in January
2012, the
conservation
tax credit
became
transferable.
Meaning,
landowners who
choose to
permanently
protect their
land and
cannot
personally
utilize the
state income
tax credit,
are now able
to sell their
credit to
other Georgia
resident
taxpayers who
want to reduce
their state
income tax
liability.
It’s
a win-win
situation for
conservation
in
Georgia.
Credit sellers
immediately
receive cash,
once we have
vetted the
donation
documents and
matched them
with a credit
buyer, which
they can use
to purchase
more land, pay
bills, save
for
retirement,
etc.
Credit buyers
are able to
significantly
reduce their
income tax
burden while
supporting
land
conservation
in
Georgia.
Both credit
sellers and
credit buyers
help to
protect and
sustain
Georgia’s open
spaces,
working farms,
wildlife
habitat, water
quality, and
scenic
vistas.
It’s a
public-private
partnership
that benefits
the citizens
of Georgia by
protecting the
natural
resources that
are so
important to
the quality of
life we all
enjoy.
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Conservation
Tax Transfer,
LLC (CTT)
provides
expert
comprehensive
transfer
services for
sellers and
buyers.
We
provide tax
transfer
services for
landowner/sellers
who want to
sell their tax
credits and
for qualified
buyers who
want to
purchase
credits. We
use our 23
years of
conservation
expertise to
thoroughly
review all of
the required
donation
documents to
ensure that
the tax
credits we
accept for
sale are
quality tax
credits.
How
Does it
Work?
Buyers
and sellers
complete and
submit a
registration
form that
establishes
their priority
in the
queue.
CTT will work
with
landowners
during and
after the
donation
process to
complete and
review the
required
documentation
for the
donation.
As we receive
documentation,
we thoroughly
review and
work with the
landowner to
make sure all
documentation
is complete
and meets
state and
federal
requirements.
We will help
you make any
changes to
your documents
if they are
needed.
We will only
accept credits
for transfer
that have met
our rigorous
review
standards.
Once we have
reviewed and
accepted a
credit for
transfer, we
match it with
a qualified
credit buyer.
The
seller, buyer,
and CTT
execute CTT’s
Agreement to
Purchase/Sell.
The sale and
transfer is
completed by
delivering the
fully signed
Agreement to
each party and
checks from
the buyer to
the seller.
Sellers
receive the
going market
rate for
credits,
buyers receive
tax credits at
a discounted
rate and CTT
receives a
small
transaction
fee.
CTT
provides the
required tax
filing
paperwork.
After
a credit is
sold, we
provide the
required
paperwork
documenting
the completed
transaction
for both
sellers and
buyers to file
with their
Georgia state
income tax and
federal
returns.
This
includes
providing
Department of
Revenue Form
IT-CONSV and
completing
Form
IT-TRANS.
We will
provide you
and/or your
accountant
with all the
necessary
documentation
for filing
your taxes.
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