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Why stepped-up basis is important for maintaining family forests

Following the death of the owner, stepped-up basis allows for forestland and timber to be valued at current market value, with that value being the new owner’s basis in them. The new owner will calculate any future capital gain using that stepped-up basis. Plus, no capital gains tax is due on the unrealized capital gain that would have resulted from the transfer. For example, if the original owner paid $500,000 for forestland in the past, and at the time of his or her death its value was $2,0...
United States American Tree Farm System Family Forests Stepped Up Basis Climate Change Forest Conservation

Sustainable strategy honours Bahuguna

Sustainable strategy honours Bahuguna Last Updated: May 23, 2021, 11:25 PM IST Share Synopsis The forest that might have to be cleared should be counted as asset depreciation while computing the costs and benefits of the project at hand. The present system assigns little or no value to nature. The present system assigns little or no value to nature. Mainstreaming incorporation of nature as an asset would lead to sustainable growth. The passing of Sunderlal Bahuguna, who made a spontaneous move...
Sunderlal Bahuguna Forest Conservation Economic Growth Human Beings சுந்தர்லால் பஹுகுண காடு பாதுகாப்பு

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Cabinet approval for conservation of Muthurajawela

Cabinet approval for conservation of Muthurajawela Cabinet approval for conservation of Muthurajawela Written by Share: COLOMBO (News 1st): The Cabinet of Ministers on Monday (May 10) granted approval to the combined proposal submitted by Prime Minister Mahinda Rajapaksa to implement several measures to ensure the long term existence of the Muthurajawela wetland area, as well as its sustainable usage, the Department of Government Information, said on Tuesday (May 11) Prime Minister Rajapaksa...
Sri Lanka Mahinda Rajapaksa Central Environment Authority Department Of Wildlife Monitoring Committee Government Information Department

Carbon uptake in re-growing Amazon forest threatened by climate and human disturbance

Secondary Forest in the Tapajós region of the Brazilian Amazon Viola Heinrich Spatial patterns of secondary forest regrowth 19 March 2021 Large areas of forests regrowing in the Amazon to help reduce carbon dioxide in the atmosphere, are being limited by climate and human activity. Large areas of forests regrowing in the Amazon to help reduce carbon dioxide in the atmosphere, are being limited by climate and human activity. The forests, which naturally regrow o...
City Of United Kingdom France General Viola Heinrich Nature Communications United Nations

Opinion/Millar: Legislation to encourage forest conservation is long overdue

Opinion/Millar: Legislation to encourage forest conservation is long overdue Scott Millar Scott Millar is director of community assistance and conservation at Grow Smart Rhode Island. What can provide Rhode Island with clean and safe air to breathe and water to drink, create jobs, fight climate change, moderate stifling hot temperatures, protect native wildlife, provide a multitude of recreational opportunities and add an invaluable sense of place to communities? The answer is Rhode Island’s...
Rhode Island United States Rhode Islanders Teresa Tanzi Alana Dimario Lauren Carson

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