Charitable donations of land--or an interest in land (conservation easement)--to public or private conservation agencies for conservation purposes are eligible for a state tax credit through the New Mexico Land Conservation Incentives Act. The maximum tax credit is 50% of the appraised value of the donation and a maximum of $250,000 per individual donor.
Land conservation tax credits must be approved by the Energy, Minerals and Natural Resources Department Secretary in consultation with the Natural Lands Protection Committee. Please refer to Rule 30.13.20 NMAC for details on eligibility and the certification of the tax credit. A taxpayer has a maximum of 20 years to fully use the tax credit following the taxable year in which the donation was made. Alternatively, the tax credit may be transferred (sold) to another taxpayer through a tax credit broker in minimum increments of $10,000.
Contact New Mexico Land Conservation Tax Credit
Listed as:
Federal and State Tax Incentives and Programs
Contact New Mexico Land Conservation Tax Credit
New Mexico State Forestry Division
1220 S. St. Francis Drive
Rm. 112
Santa Fe, NM 87505
Phone: (505) 476-3344
Service Area
Statewide service provider in: