Tax Credits for Conservation Act of 2003 - Amends the Internal Revenue Code to allow an annual tax credit of 50 percent of the qualified conservation contributions of qualified U.S. real property interests for specified conservation purposes.
Limits such credit to $100,000 ($50,000 for tax year 2003; $75,000 for tax year 2004).
Allows a limited carryover of unused credit.
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Apr 3, 2003
Referred to the House Committee on Ways and Means.