A bill to amend the Internal Revenue Code of 1986 to limit the amount of certain qualified conservation contributions.
United States115th CongressS-2436Senate
Updated: Feb 15, 2018
Summary
Charitable Conservation Easement Program Integrity Act of 2018 This bill amends the Internal Revenue Code to limit the aggregate amount of a partner's annual tax deductions for qualified conservation contributions of a partnership to 2.5 times the partner's adjusted basis in the partnership. (Under current law, a "qualified conservation contribution" is the contribution of a qualified real property interest to a qualified organization exclusively for conservation purposes.) The limitation applies for the first five years after the individual becomes a partner in the partnership. It does not apply to certain family partnerships.
Bill texts
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Timeline
Latest companion bill action
HR-4459: To amend the Internal Revenue Code of 1986 to limit the amount of certain qualified conservation contributions.Referred to the House Committee on Ways and Means.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)
Senate
Introduced in Senate
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