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Donate Property To Save On Your Taxes!?!

Posted By admin On 6. July 2008 @ 17:59 In 411 | No Comments

The New Mexico tax credit program is a viable way to lower your fiscal responsibility to the government. This is a wonderful opportunity if you have available land to donate and would like to reduce your taxes.

Here is official detailed information from the state’s website: [1] CLICK HERE FOR INFO

[2] ABQJOURNAL NEWS/STATE: Land Conservation Tax Credit Program Updated:”The state has increased the amount of money that can be credited to landowners to help preserve open space, habitat for wildlife, watersheds, agricultural land and historic places.
The state Energy, Minerals and Natural Resources Department says the Land Conservation Incentives Act has been amended to increase the maximum conservation tax credit to $250,000, up from $100,000. The amendments also make the tax credit transferrable for donations made as of this year.”

[3] 505RealEstate.info- Albuquerque Real Estate, Your Information Source For Real Estate In Central New Mexico.


Article printed from 505 Real Estate™ Updates! By Sheniq Hollins: http://simortgage.net

URL to article: http://simortgage.net/2008/07/06/donate-property-to-save-on-your-taxes/

URLs in this post:
[1] CLICK HERE FOR INFO: http://www.tax.state.nm.us/forms/year07/rpd41282inst.pdf
[2] ABQJOURNAL NEWS/STATE: Land Conservation Tax Credit Program Updated: http://www.abqjournal.com/news/state/apcredit06-23-08.htm
[3] 505RealEstate.info: http://www.505realestate.info

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