Share:

👍 0 👎 0

2023 SB 998: An Act Establishing A Tax Abatement For Certain Conservation Easements.

To authorize municipalities to exempt from real property taxes any portion of land that (1) qualifies as a greenway, (2) is a terrestrial recreational trail that does not exceed one hundred feet in width, (3) is the subject of a conservation easement conveyed by the owner of the land to a municipality, the state or a nonprofit land conservation organization, and (4) to specify that a greenway trail corridor may be deemed open space land.

Behind the Bill