Exclusively for conservation purposes: As the Tax Court had explained earlier in the opinion, a contribution is not made exclusively for conservation purposes unless the conservation purposes are protected in perpetuity
. The court found that Harbor Lofts, as a lessee, was incapable of making a contribution protected in perpetuity
, because it could only create a restriction that runs through the term of its lease, which was not perpetual.
land and structures they encumber in perpetuity
as required by section
Whether a library elects to license a title in perpetuity
or provide access through serial term licenses is a matter determined by a library's unique mix of hosting options, acquisitions budget, long-term need for the content, and other local factors.
A contribution of a conservation easement is deductible only if it 1) achieves a conservation purpose; and 2) that conservation purpose is protected in perpetuity
Overall a court will undertake an analysis of the lease to determine whether it is intended to offer renewals in perpetuity
. One factor to take into account is the lack of a rent escalation clause, which would be an unreasonable omission in a perpetual lease.
It however agreed to sign it after the US and others offered additional comfort by extending the four-year peace clause to perpetuity
Once purchased, the land will be legally protected from development in perpetuity
The way to do this would be to purchase the land from the Council and then gift it in perpetuity
to the people of Liverpool.
How appropriate, then, that Khalil Gibran will stand in perpetuity
in this very location, not as a sentinel on guard against danger, but rather as a beacon inviting us all to enter those precincts of the mind and spirit that alone are the source of world-embracing concepts and world-changing ideas.
He said the Robinson-Huron Treaty "anticipates and provides economic benefits for us in perpetuity
. The annuity was intended to be our revenue stream, our share of the wealth generated by revenues from our territory, yet many of the beneficiaries live in poverty.
"This display, which will live in perpetuity
, is a perfect example of how the not-for-profit human services world can successfully partner with the for-profit corporate community," said Robert S.