Federal and State Tax Incentives and Programs
Easement donations and donations of fee simple property interests are eligible for a state tax credit of 40% of the value of the donation on the first $50,000 of the value of the gift. If the appraised value of the gift exceeds $50,000 the amount over that is treated as a regular tax deduction.
To be eligible, the donation must be of open space, natural habitat, recreational properties, resource conservation, or historic properties. Qualified recipients include state and local governments or a qualified conservation or preservation organization incorporated to accept and administer eligible property or easements.
Open space required as part of a subdivision plan approval does not qualify for this tax credit.
Property owners have a licensed real estate appraiser determine the value of the donation and complete State tax form 1801AC to apply for the credit. The credit may not exceed the tax due in any year but may be carried forward for a period of five years.
Forms and Information:
Form 1801 AC 0009 - Application and Computation Schedule for claiming Delaware Land and Historic Resource Conservation Tax Credits
Form 1811 AC 0905 - Computation Schedule for claiming Delaware Historic Preservation Tax Credits
Form 1811 CC 0701 - Certification of unused Delaware Historic Preservation Tax Credits
T.I.M. 1801 AC - Technical Information Memo for application and computation for Delaware Land and Historic Resource Conservation Tax Credits
T.I.M. 1811 AC - Technical Information Memo for filing requirements under Chapter 18, Title 30 of the Delaware Code
|Land and Historic Resource Tax Credit|
Delaware Division of Revenue
820 N. French St
Wilmington, DE 19801
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