Public-domain · open source
OpenJurist

development right

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 2031 — in this part

For purposes of this paragraph, the term “development right” means any right to use the land subject to the qualified conservation easement in which such right is retained for any commercial purpose which is not subordinate to and directly supportive of the use of such land as a farm for farming purposes (within the meaning of section 2032A(e)(5)).