Georgia landowner's $23 million tax claim over 103 acres cut to $480,000 by court September 24, 2026 at 11:25PM

A Georgia landowner claimed a $23 million charitable tax deduction after donating a 103-acre conservation easement, arguing the property could have been used as an aggregate quarry. The US Tax Court rejected the proposed quarry use, valuing the easement at $480,000. The 11th Circuit upheld the valuation and a 40% gross valuation misstatement penalty.