Edited Press Release
This incentive allows farmers and ranchers, horse people, and family land businesses to remain prosperous and viable, when they might otherwise not be able to continue to keep their land open for farming, pastureland, breeding, trails, horse shows, competition venues, hay and grain production or any of the other uses of open space which impact the horse community.
For example, Fauquier County, Virginia landowner Marion Poynter recognizing the importance of conserving horse lands permanently protected her historic 47-acre farm this year by donating a conservation easement to the Piedmont Environmental Council. Mrs. Poynter and her farm, known as “The Meadows,” are known in equine circles for their warmblood sport horse breeding program, which is largely based on the now protected property. However, the equestrian community is in danger of losing this enhanced incentive which is set to expire at the end of the month.
Unless Congress acts, some of the farms and open fields, essential to our industry and sport, will be lost forever. H.R. 2807 and S. 526 would make the enhanced incentive permanent, and both bills have strong bi-partisan support.
The ELCR encourages horse owners and riders to take immediate action by contacting their senators and representative (202-224-3121) and asking them to co-sponsor S. 526 or H.R. 2807. If your representative is already a co-sponsor, you can still call and let them know how important it is to move this legislation forward before the end of the year.
To learn more about the enhanced tax incentive program please visit www.lta.org/easementincentive.