Chapter 099

2009 -- H 5490

Enacted 07/09/09

A N A C T

RELATING TO PROBATE PRACTICE AND PROCEDURE - COLLECTION AND MANAGEMENT OF DECEDENTS' ESTATES

Introduced By: Representatives Lally, and Jackson

Date Introduced: February 12, 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 United States Internal

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.

=======

LC00989

=======