Conservation Advocates
Oppose Fee on Land Trusts with
Endowments or "Significant" Savings Accounts
SB 1137, Section 1
SB 1138, Section 5
TAKE ACTION |  Today!
Your Testimony is Needed on Monday (4/29)
On Monday (4/29) at 11:30 a.m., the Finance, Revenue and Bonding Committee is holding a public hearing on SB 1137, An Act Concerning Deposits in Lieu of Taxes and SB 1138, An Act Concerning Community Restoration Funds.

These bills include provisions to charge a fee on nonprofits with endowments, pension funds, or other "significant" savings accounts. 

CLCC urges you and your land trust to join us in strongly opposing these harmful bills.
If approved, what would this mean to your land trust?

  • Your land trust would be subject to this fee if it maintains an endowment fund, pension fund, or other "significant" savings account, which could include dedicated or restricted funds for stewardship and legal defense.

  • Land trusts subject to the fee would have to pay into a state "community development account" the equivalent of 25% of the property tax your land trust would pay to the municipalities in which your real property is located, if such property were not tax exempt.
Please Take Action Today!
Send Testimony to Legislators with a Simple Message:
Vote NO on Proposals that would Tax Land Trusts

See sample testimony below

  • Please submit testimony by sending an email to the Finance, Revenue and Bonding Committee at FINtestimony@cga.ct.gov
  • Important! Attach your testimony to your email in either Word or PDF format and “SB 1137, Section 1 and SB 1138, Section 5” in the subject line. View full hearing notice >>
  • Please also cc your State Legislators and please bcc me at abpaterson@ctconservation.org
Sample Testimony - Best to Put in Your Own Words

Dear Members of the Finance, Revenue and Bonding Committee,

I am a [member/volunteer/board member/officer] of the [name of your land trust] . I strongly oppose Section 1 of SB 1137 and Section 5 of SB 1138 both of which would require nonprofits, including land trusts, with "significant" savings accounts, endowments or pension funds to pay into a state "community development account" the equivalent of 25% property tax.

[Insert a description of your land trust, conservation projects, stewardship work, and programs you provide in your community.]

This proposal would divert critical resources from our land trust's ability to acquire and manage open spaces and other natural resources that benefit our quality of life and local economy. It would penalize our land trust for our efforts to set aside funds to help secure our organization's long-term viability and to care for our land trust's properties and easements in perpetuity pursuant to best management practices (The Land Trust Standards & Practices). This proposal would also undermine relationships with donors who want their donations to support land conservation and not a state tax.  

[Insert any other reasons why having to pay this fee to the state would hurt your land trust's work.]

This proposal would add a financial burden on our organization, threatening our ability to care for land entrusted to us for the benefit of future generations.

Please vote NO on these proposals that would tax land trusts.

Sincerely,

Your name/organization/town
Thank you for taking action!

If you have any questions or need assistance submitting your testimony, please contact me anytime at abpaterson@ctconservation.org.

Sincerely,
Amy
Amy Blaymore Paterson, Esq.
Executive Director

P.S. Please do your best to submit your testimony by 4/29.
CLCC
Connecticut Land Conservation Council
deKoven House
27 Washington Street
860-614-8537
The Connecticut Land Conservation Council advocates for land conservation, stewardship and funding, and works to ensure the long term strength and viability of the land conservation community.