Introduction

(1) Authority. The Executive Office of Energy and Environmental Affairs (EEA) pursuant to its authority under M.G.L. c. 21A, § 2A, St. 2008, c. 509 §§1 through 4, as amended by St. 2010, c. 409, §§ 4 through13, is authorized to define the circumstances under which interests in real property shall be eligible for certification as a Qualified Donation under M.G.L. c. 62, § (6)(p) and M.G.L. c. 63, § 38AA. (2) Purpose. 301 CMR 14.00 seeks to define real property interests eligible for state tax credits for those property interests deemed to have sufficient natural resources in the public interest which qualify for the Massachusetts Conservation Land Tax Credit Program (CLTC) when protected in perpetuity. 301 CMR 14.00 establishes criteria and implement conditions, limitations, and exclusions for certification for the CLTC. If EEA determines that proposed land qualifies for a CLTC, EEA shall issue a Land Identification Number (LIN) to the landowner and the Massachusetts Department of Revenue (Department) to the effect that the donated portion of the real property interests under the CLTC have sufficient natural resource values in the public interest and meet the requirements for perpetual protection (3) The Name of the Program. The program shall be referred to as the Massachusetts Conservation Land Tax Credit (CLTC) Program.