Faith-Based Initiative legislation heading through Congress is nothing more than a LAND GRAB by such as the Nature Conservancy
from Julie Kay Smithson
February 7, 2003
Senate Bill 256, Sections 106 and 107
Terrible legislation: tax favoritism for the Nature Conservancy and
Here is the first bill out of the chute that is moving in the 108th
It has ALREADY been approved by the Senate Finance Committee, on February 5!
It is a 25% tax cut on capital gains of land sales -- but only if
the land is
Private parties, or non-environmentalist charities such as churches
This would hand over to the Nature Conservancy and other already
It would be devastating to family businesses attempting to keep property
It will take more land off the tax rolls, damaging the tax base of
And this proposed tax advantage does not apply to churches, orphanages
ONLY land trusts and government agencies get this 'perk!'
Here is why: the land trusts can and will reduce their offers for
They will have up to a 25% advantage when bidding versus private
So the seller will get a smaller sale price, reducing his tax benefit,
AND that is assuming that there is even a private bidder, once the
Incredibly, this is part of the Faith-Based Initiative legislation
So, a bill designed to help charities to help people has quietly
Of course, this has been done with NO PUBLIC HEARINGS.
The land trusts prefer to work in the dark, behind closed doors.
Action Item: Shine the light on this attack on private property rights,
TELL your Senator and Congressmen to take out Sections 106 and 107
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