Our Mission

Learn who we are and how we serve our community


Meet our leaders, trustees and team


Developing the next generation of talent

Coronavirus Resources

Find updates on COVID-19


Check out wide-ranging resources that educate and inspire

Global Public Policy

Learn about the governmental initiatives we support


Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

Virtual Community

Network, join industry discussions and find professional resources

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits

Global Public Policy

Senate committee releases report on abusive conservation easements

August 28, 2020

On August 25, Senate Finance Committee Chairman Chuck Grassley (R-IA) and Ranking Member Ron Wyden (D-OR) released a final report on their investigation into the abuse of syndicated conservation easement transactions.

In a conservation easement, the owner enters an agreement with a government or charitable organization to permanently limit use of the land or property to preserve environmentally sensitive or historical sites. A syndicated conservation easement is simply a property acquired on behalf of multiple investors, who receive the tax benefits.

While these easements can be a legitimate tool for protecting sensitive areas, the IRS and Congress have had ongoing concerns about abusive practices. The IRS started cracking down on such schemes in 2017.

The transactions in question involved promoters selling interests in tracts of land to investors, obtaining inflated appraisals of the properties’ values, and providing the investors with substantial tax deductions, in many cases $2 or more of deductions for every $1 invested.

Grassley and Wyden believe Congress and the IRS should take further action to preserve the integrity of the conservation easement deduction. The Charitable Conservation Easement Program Integrity Act of 2019 (S. 170/H.R. 1992) would attempt to address abuse in syndicated conservation easement transactions by limiting the amount that could be deducted. The legislation was introduced by Sen. Daines (R-MT) and Rep. Thompson (D-CA).