Charitable Water Rights Transfers? RRI’s Own Thomas Hicks Featured in West Northwest Environmental Law Journal
The Resource Renewal Institute hosted a discussion in November 2008 to explore and probe the intersection between federal tax and California water laws, which eventually led to the publication of this article.
With charitable donations of land helping set the land trust movement on a decades long path of productive conservation, RRI hopes the same can be true for water.
RRI continues to explore answers to this not-so-basic question: can the voluntary contribution of an entire or partial interest in either an appropriative or riparian water right be permanently transferred instream for beneficial conservation purposes and receive federal income or estate tax deductions under the Internal Revenue Code?
Read the article here.