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Virginia Free Printable Form LPC-1 - Application for a Land Preservation Credit for 2024 Virginia Application for a Land Preservation Credit

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Application for a Land Preservation Credit
Form LPC-1 - Application for a Land Preservation Credit

Form LPC-1 Application for a Land Preservation Credit *VALPC1123888* For land or interest in land conveyed before January 1, 2020, a complete Form LPC-1 must be filed on or before December 31 of the 3rd year following the calendar year of the conveyance. For land or interest in land conveyed on or after January 1, 2020, a complete Form LPC-1 must be filed on or before December 31 of the 2nd year following the calendar year of the conveyance. • Acknowledgment of receipt by the Department of Taxation of this application form does NOT constitute certification, approval, or validation of the donation or of the credit valuation. • Before completing Form LPC-1, please read the instructions. • To avoid delays at the time of annual return processing, Form LPC-1 should be filed by the applicant within 90 days of the donation, but at least 90 days before filing your annual return. Applications for tax credits of $1 million or more should be submitted at least 120 days before filing an annual return. For general assistance, call (804) 786-2992. For assistance regarding Sections IV, V, and Schedules B & C, call (804) 371-5218. Also send a copy of this form and specified enclosures (see What To Enclose) to: Department of Conservation & Recreation, Tax Credit Program, 600 East Main Street, 24th Floor, Richmond, VA 23219 Mail form, enclosures, and payment (if applicable) to: Virginia Department of Taxation Tax Credit Unit P.O. Box 715 Richmond, VA 23218-0715 Section I – Applicant Information A) Applicant Type - Check One   Individual Taxpayer   Corporation   Married Donors  Non-Profit   Multiple Donors  Trust/Estate   Pass-Through Entities   Other Entity - Specify__________________________________________ B) Applicant Name (As Shown on Deed) C) Applicant Identification Number (Check appropriate box and enter number.)   SSN  FEIN D) Street Address or P.O. Box Number City E) Contact Name, If Different from Above F) Phone Number State G) Fax Number ZIP Code H) Email Address Section II – Donation Questions II-A – Questions for a Donation Made on or After January 1, 2007 A) Are you a nonprofit holder of easements as defined in Va. Code § 10.1-1009? IF YES, GO TO B; IF NO, GO TO C. B) Do you hold one or more conservation easements excluding this donation that were acquired pursuant to the authority conferred on a “holder” by Va. Code § 10.1-1010? IF YES, STOP. YOU DO NOT QUALIFY. C) Have you applied for a Historic Rehabilitation Credit in the last 5 years on this property/building? IF YES, STOP. YOU DO NOT QUALIFY. D) In the past 11 years, have you, a family member or an affiliate been issued a credit for a donation on any portion of this parcel(s)? IF YES, LP# _______________________ . DONATION MAY REQUIRE DCR VERIFICATION. (See instructions).  Yes  No  Yes  No  Yes  No  Yes  No  Yes  No II-B – Questions for a Donation Made on or After July 1, 2010 A) If your application is for a credit of $250,000 or more, has a credit been applied for and/or issued within the past 3 years for real property that was formerly part of the same parcel of land as the property being donated? IF YES, LP# _______________________ . DONATION MAY REQUIRE DCR VERIFICATION. (See instructions). Section III – Property and Credit Information A)  Type of Donation - Check One Fee Simple Less-Than-Fee Simple Facade B)  Bargain Sale - Check One $ E)  Property Street Address (No P.O. Box) F) C)  Number of Acres D)  Date Acquired No Yes (If Yes, Enter Amount Received) .00 City State ZIP Code Property Information - Enclose Additional Pages, if Needed Zoning & Highest and Best Use Tax Map or PIN Recording Locality Va. Dept. of Taxation  4901038-W   Rev. 01/23 Current Zoning: Highest and Best Use Before Donation: G)  Name(s) of Eligible Conservation Agency(ies) Receiving Donation H)  Jurisdiction(s) Donation Was Recorded I)  Date Recorded J)  Appraisal Company Name K)  Company’s FEIN or SSN M)  Appraisal Report Date N)  Appraised Value of Donation O)  Credit Amount Requested L)  Appraisal Evaluation Date P)  Assessed Value of Land Per Acre Q)  Appraised Value Per Acre Application for a Land Preservation Credit Form LPC-1 Page 2 *VALPC1223888* Section IV – Conservation Information for Reporting Purposes A) Conservation Purpose: Identify the conservation purpose(s) protected by the donation by checking the applicable box(es). Also, specify the acreage of each use indicated. See Instructions for definitions of these conservation purpose categories. Conservation Purpose Check Applicable Boxes Acres 1. Agricultural Use 2. Forestal Use 3. Natural Habitat and Biological Diversity 4. Historic Preservation 5. Natural Resource Based Outdoor Recreation and Education 6. Watershed Preservation 7. Preservation of Scenic Open Space 8. Conservation and Open Space Lands Designated by Local Governments B) Public Benefit: Indicate how the donation will protect the conservation purpose(s) identified above and benefit the public. Indicate which of the following restrictions are included in the deed of donation: 1. Limitations on the number of property divisions. 2. Limitations on the amount of new buildings and structures. 3. Restrictions on the location of permitted new buildings and structures. No 4. Restrictions on the location of permitted new roads or access ways. Yes No Yes No 5. Limitations on alterations, demolition, and ground disturbing activity that may impact historic, cultural, or natural heritage resources. Yes No Yes No 6. Limitations on utility placement. Yes No Yes 7. Please list any other restrictions specifically donated to protect the conservation purposes and to benefit the public. Forested/Vegetated:___________________ feet C) Riparian Buffers: If riparian buffers are required in the deed of easement, then indicate the total length (in linear feet) of those that provide at least a 35-foot wide buffer (See instructions for definitions). No-plow:___________________________ feet D) Land Currently Being Used for Production Agriculture and Silviculture. Acres 1. Provide an estimate of the number of acres of the land currently being used in production agriculture (See instructions for definition): 2. Provide an estimate of the number of acres of the land currently being used in production silviculture (See instructions for definition): E) Onsite Operational Water Quality Best Management Practices. Does the land have onsite operational best management practices that are designed to reduce the amount of nutrients Yes No and sediment entering public waters? If Yes, indicate which of the following BMPs are being practiced, and whether the terms of the deed of easement require their continued practice. Agriculture Best Management Practice Currently Practiced Deed Requires Continued Practice Currently Practiced Deed Requires Continued Practice 1. Nutrient Management Plan Writing and Implementation 2. Cover Crop Practices 3. Livestock Exclusion Practices 4. Riparian Buffer Practices Silviculture Best Management Practice 5. Streamside Management Zones 6. Forest Roads 7. Stream Crossings 8. Harvest Planning 9. Other Agriculture or Silviculture BMPs (See instructions for Section D). Provide appropriate practice number(s): F) Forest Management: Is the property fully or partially forested? If Yes, is a forest management plan included in the terms of the donation? Yes Yes No No Form LPC-1 Page 3 Application for a Land Preservation Credit *VALPC1323888* Section V – Fee Simple Donation Check Applicable Boxes A) The donation is a full or partial gift in fee simple to a public or private conservation agency. (If the application is for $1 million or more, also complete Schedule C.) Conservation Agency Name: __________________________________________________ B) The donation is a full or partial gift to a “holder” as defined in Va. Code § 10.1-1009, and documentation is included that the agency agrees that subsequent conveyances of the fee interest in the property will be made subject to a conservation easement or will be made to the Commonwealth of Virginia or a federal conservation agency. Conservation Agency Name: __________________________________________________ Section VI – Less-Than-Fee Simple Donation Explain how this donation meets the requirements of § 170(h) of the United States Internal Revenue Code of 1986, as amended. Enclose additional pages if needed. Section VII – Declaration, Signature, and Notarization Enclosure Checklist DCR - All Donations (2007 & After) TAX - All Donations A Copy of LPC Application   Original LPC Application IRS Form 8283   Recorded Deed Recorded Deed   A Copy or CD of Full Appraisal DCR - Donations of $1 Million or More (2007 & After)   IRS Form 8283 Baseline Documentation   Signed Statement or Affidavit from Appraiser Baseline Documentation I (we) the undersigned declare, under the penalties provided by law, that this form (including any accompanying schedules, statements, and enclosures) has been examined by me (us) and is, to the best of my (our) knowledge and belief, a true, correct, and complete application, made in good faith pursuant to the income tax laws of the Commonwealth of Virginia. I (we) understand that the Department of Taxation will record the information submitted on this application; however, acceptance of this application does not constitute certification, approval, or validation of the donation or valuation of the credit by the Department of Taxation. If a person other than the taxpayer prepares this application, their declaration is based on all information of which they have knowledge. I authorize the Department of Taxation to discuss my application with the contact person listed in Section I of Schedule A, my broker, and share and/or discuss this application with DCR, if applicable. Further, I authorize the Department of Conservation and Recreation to discuss my application with the contact person, the holder of the conservation easement, or the holder’s representative, if applicable. Must Be Signed in Presence of Notary Signature of Applicant Signature of Applicant Print Name Print Name Title Date Title Date Notary Information Subscribed and sworn before me this ___________day of ____________________________, 20 _____ , in the (City/County) ____________________________, of _________________________. Notary Public Signature Date Notary Public Name Printed My Commission Expires
Extracted from PDF file 2023-virginia-form-lpc-1.pdf, last modified January 2023

More about the Virginia Form LPC-1 Other Tax Credit TY 2023

Donations recorded on or after July 1, 2015 must file a complete Form LPC-1 on or before December 31 of the calendar year following the year the donation was recorded.

We last updated the Application for a Land Preservation Credit in January 2024, so this is the latest version of Form LPC-1, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form LPC-1 directly from TaxFormFinder. You can print other Virginia tax forms here.


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Related Virginia Other Forms:

TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Virginia Form LPC-1.

Form Code Form Name
Form LPC-1 (Instructions) Virginia Application for a Land Preservation Credit (Instructions)
Form LPC-1 SCH A LPC - 1 - Schedule A and Instructions - (Allocation Schedule and Calculation of Fee)
Form LPC-1 SCH B LPC - 1 - Schedule B and Instructions - (Statement by the Recipient With Respect to Tax Credits of $1 Million or More From a Donation Made on or After
Form LPC-1 SCH C LPC - 1 - Schedule C and Instructions - (Statement by the Recipient With Respect to Tax Credits of $1 Million or More From a Donation Made on or After

Download all VA tax forms View all 136 Virginia Income Tax Forms


Form Sources:

Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Form LPC-1 from the Department of Taxation in January 2024.

Show Sources >

Form LPC-1 is a Virginia Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of Virginia Form LPC-1

We have a total of thirteen past-year versions of Form LPC-1 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form LPC-1

Form LPC-1 - Application for a Land Preservation Credit

2022 Form LPC-1

Form LPC-1 - Application for a Land Preservation Credit

2021 Form LPC-1

Form LPC-1 - Application for a Land Preservation Credit

2020 Form LPC-1

Form LPC-1 - Application for a Land Preservation Credit

2019 Form LPC-1

Form LPC-1 - Application for a Land Preservation Credit

2018 Form LPC-1

Form LPC-1 - Application for a Land Preservation Credit

2017 Form LPC-1

Form LPC-1 - Application for a Land Preservation Credit

2016 Form LPC-1

Form LPC-1 - Application for a Land Preservation Credit

LPC-1 - Application for a Land Preservation Credit 2014 Form LPC-1

LPC-1 - 11 05 13.indd

LPC-1 - Application for a Land Preservation Credit 2013 Form LPC-1

LPC-1 - 11 05 13.indd

2012 Form LPC-1

LPC-1 - 11 26 12 final.indd


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