Incentives Problem Addressed Mechanics Cost Examples Comments Reference 1. Private land often sold or modified upon death of owner, destroying quality habitat. Exempt owner from estate tax if lands managed to conserve habitat until land is sold or developed.
Heirs get tax breaks for farmland if they continue farming.
May inspire landowners to manage quality habitat. Need to decide if benefit is deferment or forgiveness. Keystone Center, 1995. Dept. of Forestry, 1996. Estate-tax concepts for land conservation.