Rhode Island General Laws 33-9-30. Donation of conservation easement
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An executor or administrator may donate a conservation easement on any real property in order to obtain the benefit of the estate tax exclusion allowed under sections 170 and 2031(c), respectively, of the United States Internal Revenue Code of 1986, as amended, if:
(1) The will authorizes or directs the executor to donate a conservation easement on the real property; or
(2) Each interested party who has an interest in the real property that would be affected by the conservation easement consents in writing to the donation.
History of Section.
P.L. 2009, ch. 98, § 1; P.L. 2009, ch. 99, § 1.
Terms Used In Rhode Island General Laws 33-9-30
- Executor: A male person named in a will to carry out the decedent
- in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8