Chapter 098
2009 -- S 0261
Enacted 07/09/09
A N A C T
RELATING TO PROBATE PRACTICE AND PROCEDURE - COLLECTION AND MANAGEMENT OF DECEDENTS' ESTATES
Introduced By: Senators DiPalma, Sosnowski, Gallo, Felag, and C Levesque
Date Introduced: February 11, 2009
It is enacted by the
General Assembly as follows:
SECTION 1. Chapter 33-9 of the General Laws entitled
"Collection and Management of
Decedents' Estates" is
hereby amended by adding thereto the following section:
33-9-30.
Donation of Conservation Easement. – An
executor or administrator may
donate a conservation easement on any real property in order
to obtain the benefit of the estate tax
exclusion allowed under sections 170 and 2031(c), respectively,
of the
Revenue Code of 1986, as amended, if:
(1) The will
authorizes or directs the executor to donate a conservation easement on the
real property; or
(2) Each interested
party who has an interest in the real property that would be affected
by the conservation easement consents in writing to the
donation.
SECTION 2. This act shall take effect upon passage.
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LC00988
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