Sections 1 through 6 [75-9-1 to 75-9-6 NMSA 1978] of this act may be cited as the “Land Conservation Incentives Act”. History: Laws 2003, ch. 331, § 1. ANNOTATIONS Effective dates. — Laws 2003, ch. 331, § 9 makes the act effective on January 1, 2004. Law reviews. — For student article, “Conservation Easements and […]
The purpose of the Land Conservation Incentives Act is to encourage private landowners to be stewards of lands that are important habitat areas or contain significant natural, open space and historic resources by providing private landowners with incentives that encourage the protection of private lands for open space, natural resources, biodiversity conservation, outdoor recreation, farmland […]
As used in the Land Conservation Incentives Act: A. “interest in real property” means a right in real property, including access, improvements, water rights, fee simple interest, easement and land use easement. The interest shall comply with the requirements of the Section 170(h) of the Internal Revenue Code of 1986, partial interest, mineral right, remainder […]
A. The Land Conservation Incentives Act shall be administered by the secretary of energy, minerals and natural resources in consultation with the committee established pursuant to the Natural Lands Protection Act [75-5-1 to 75-5-6 NMSA 1978]. B. The secretary of energy, minerals and natural resources may promulgate rules as may be deemed necessary to certify […]
A. The tax credits provided by the Land Conservation Incentives Act apply to transfers of land or interests therein in taxable years beginning on or after January 1, 2004 and all taxable years thereafter. B. A taxpayer claiming a tax credit pursuant to the Land Conservation Incentives Act may not claim a credit pursuant to […]
No part or segment of the Land Conservation Incentives Act shall be interpreted to alter or amend permit requirements, reporting requirements, allocation procedures or other requirements as set forth in any other provision of state law. History: Laws 2003, ch. 331, § 6. ANNOTATIONS Effective dates. — Laws 2003, ch. 331, § 9 makes the […]
