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A credit is allowed for a gift of land for conservation or for a qualified conservation contribution on any qualified real property interest. The gift or contribution has to be made after May 31, 2001. The taxpayer must qualify for and claim a federal charitable deduction for the gift or contribution. The credit is limited to 25% of the allowable federal deduction, to $250 per acre of property, and to a total of $52,500. The credit may be carried forward and is transferable upon written notification to and approval by the SC Department of Revenue.
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