A bill to encourage the establishment of wind erosion control and wildlife habitat areas which meet standards prescribed by the Secretary of Agriculture.

Summary

Amends the Internal Revenue Code to allow as a credit against the income tax an amount equal to the qualified land conservation expenditures paid or incurred by the taxpayer. Defines "qualified land conservation expenditures" as any amount paid or incurred by the taxpayer to establish a wind erosion control and wildlife habitat area on land which was previously used for the production of agricultural products or for the sustenance of livestock. Limits the amount of such credit to the tax due minus the amount of other specified credits.

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Documents

1 official file

• Introduced in House

  summary · EN · 22 July 1976

  Open at official source

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