- Ag Docket
(petitioner, former Democratic member of U.S. House and lawyer that practiced tax law, donated permanent conservation easement on 80 percent of 74-acre parcel to qualified land trust; land subject to mortgage at time of donation and mortgage not subordinated until two years after petitioner received statutory notice of deficiency from IRS; petitioner argued that state (ID) Uniform Conservation Easement Act protected charitable use, but court noted Act would have only protected whatever interest remained after lender satisfied; no partial subordination involved; negligence penalty imposed).
CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.