3.2 - Revive proposal for a 50 percent capital gains exclusion for conservation land sales

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

Revive the President’s Budget Fiscal Year 2006 proposal for a 50 percent capital gains exclusion for conservation land sales that further the goals of Executive Order 13443 or other existing programs such as North American Wetlands Conservation Act (NAWCA) and State Wildlife Action Plans.

Assessment of Status: Incomplete

Legislation proposed in 2006 has not been reintroduced in part due to the lowering of capital gains rates.

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