Representative Jon Riki Karamatsu
Written Remarks
Senate Bill 2198, Senate Draft 2, House Draft 2
Relating to Land Conservation
Tuesday, April 8, 2008
I rise in support.
This bill encourages the protection and preservation of land in the state by establishing a Land Conservation Incentives Tax Credit (Tax Credit). Specifically, this bill allows taxpayers to deduct 50 percent of the value of the interest in lands donated in perpetuity or sold in a bargain sale for conservation purposes to the State or a conservation agency; or 50 percent of the amount invested in the management of lands for conservation purposes under an agreement with a conservation purpose, up to $2,500,000, from their net income tax liability.
Thank you.
JON RIKI KARAMATSU 