Federal Tax Items. The Property Owner and City confirm that this Agreement is not intended to be a Qualified Conservation Contribution as defined under the Internal Revenue Code and regulations promulgated thereunder.
Federal Tax Items. (a) Qualified Conservation Contribution1 The rights granted to Holder under this Agreement have been donated in whole or in part by the undersigned Owner or Owners. This Agreement is intended to qualify as a charitable donation of a partial interest in real estate (as defined in §170(f)(3)(B)(iii) of the Internal Revenue Code of 1986, as amended (the “Code”)) to a qualified organization (a “Qualified Organization”) as defined in §1.170A-14(c)(1) of the regulations promulgated under the Code (the “Regulations”).
Federal Tax Items. The provisions of this section supplement and, to the extent of an inconsistency, supersede provisions set forth elsewhere in this Grant.
Federal Tax Items. [If there is no donation or if the undersigned Owner or Owners will not be pursuing Federal tax benefits for the donation, the content below the caption of this Article can be deleted and replaced with the following: “The undersigned Owner or Owners and Holder confirm that the grant to the Holder of the easement under this Agreement is not intended to be a qualified conservation contribution under the Internal Revenue Code of 1986, as amended through the applicable date of reference.”]
Federal Tax Items
