Please note that log in for BLAW products will be unavailable for scheduled maintenance on Sunday, February 5th from approximately 4 AM to 5 AM EST.
Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Supreme Court Declines to Hear Conservation Easement Dispute

Jan. 11, 2023, 7:31 PM

The Supreme Court has declined to take up a land company’s challenge on an IRS notice issued over a $180 million deduction sought on donated land.

Hancock County Land Acquisitions LLC called on the high court in November to review an Aug. 2022 ruling from the US Court of Appeals for the 11th Circuit. Hancock argued that the appeals court erred in holding that the company’s challenge on an IRS notice over millions in tax breaks sought by Hancock for Mississippi land donated as a conservation easement was blocked by the Anti-Injunction Act.

A conservation easement is land donated ...