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A bill to amend the Internal Revenue Code of 1986 to limit the amount of certain qualified conservation contributions.

USA115th CongressS-2436| Senate 
| Updated: 2/15/2018
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (3)
Tammy Duckworth (Democratic)Jon Tester (Democratic)Debbie Stabenow (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Nov 28, 2017

Latest Companion Bill Action

HR 115-4459
Introduced in House
Feb 15, 2018
Introduced in Senate
Feb 15, 2018
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)
  • November 28, 2017

    Latest Companion Bill Action

    HR 115-4459
    Introduced in House


  • February 15, 2018
    Introduced in Senate


  • February 15, 2018
    Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)

Taxation

Related Bills

  • HR 115-4459: To amend the Internal Revenue Code of 1986 to limit the amount of certain qualified conservation contributions.
Charitable contributionsIncome tax deductionsLand use and conservationWildlife conservation and habitat protection

A bill to amend the Internal Revenue Code of 1986 to limit the amount of certain qualified conservation contributions.

USA115th CongressS-2436| Senate 
| Updated: 2/15/2018
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 28, 2017

Latest Companion Bill Action

HR 115-4459
Introduced in House
Feb 15, 2018
Introduced in Senate
Feb 15, 2018
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)
  • November 28, 2017

    Latest Companion Bill Action

    HR 115-4459
    Introduced in House


  • February 15, 2018
    Introduced in Senate


  • February 15, 2018
    Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (3)
Tammy Duckworth (Democratic)Jon Tester (Democratic)Debbie Stabenow (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 115-4459: To amend the Internal Revenue Code of 1986 to limit the amount of certain qualified conservation contributions.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable contributionsIncome tax deductionsLand use and conservationWildlife conservation and habitat protection