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

Available versions
Introduced (Senate)View official text

1 version available

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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.

  1. Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)

    Senate

  2. Introduced in Senate

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