An Act increasing the conservation land tax credit

This bill increases the Massachusetts conservation land tax credit, which allows landowners and conservation groups to reduce their property taxes when they donate land for public use. The legislation expands eligibility to include private nonprofit trusts organized specifically for land conservation that hold 501(c)(3) tax-exempt status. It also raises the maximum credit amount from $2 million to $5 million, with the increase happening in steps over three years. The changes apply to donations made starting in 2024 and remain in effect until the end of 2033.