With no debate, the Georgia House today gave its strongest stamp of approval to Gov. Sonny Perdue’s plan to offer income tax credits for farms, foresters and others who agreed never to convert their land holdings into subdivisions or shopping malls.
Perdue’s land conservation measure passed the House 156 to 0.
State Rep. Jay Roberts (R-Ocilla), the governor’s floor leader,said HB 1107 would allow a landowner to claim a credit against the tax liability up to 25 percent of the land’s value.
The cap would be $250,000 for individuals and $500,000 for corporations, Roberts said.
The taxpayer would be required to give a conservation easement or agree to preserve the land “forever – for future generations to come,