3.1 - Create a tax credit for fish and wildlife protections, restoration and enhancement and wildlife dependent recreation

Text from the Recreational Hunting and Wildlife Conservation Plan, 2008, Page 8

Create a tax credit for fish and wildlife protections, restoration and enhancement and wildlife dependent recreation. This idea requires further development to ensure simplicity in administration so that the Treasury Department need not administer any program that is more appropriately administered by other agencies. Policymakers should note this would be the first instance of a credit authorized for any charitable donation. Considerations include: permanent and long term habitat conservation and preservation; the donation of hunting and/or fishing access easements to an eligible nonprofit organization to expand, improve and enhance hunting, fishing, and other wildlife dependent activities on refuges and adjacent lands; the donation of land (fee simple) or easements to federal agencies that provide access to isolated or difficult to reach public lands for wildlife dependent recreation or land (fee simple) or easements within the acquisition boundary of a specific tract owned by a federal agency; in the Partners for Fish and Wildlife Program, establish a tax credit for landowners conducting restoration and enhancement activities, as approved by the USFWS; and conservation for rare and declining species.

Assessment of Status: Incomplete

While reforestation tax credits are allowed for up to 10% of the total expenditure, wetlands restoration and the restoration of other upland habitats has yet to receive tax credits. In addition, a 1996 proposed bill to amend the Internal Revenue Code of 1986 to allow a refundable tax credit for wetland restoration did not become law.

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