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Charitable Conservation Easement Program Integrity Act of 2020

USA116th CongressHR-8842| House 
| Updated: 12/2/2020
Mike Thompson

Mike Thompson

Democratic Representative

California

Cosponsors (1)
Mike Kelly (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable Conservation Easement Program Integrity Act of 2020 This bill limits 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 three taxable years after the individual becomes a partner in the partnership. It does not apply to certain family partnerships.
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Timeline
Dec 2, 2020
Introduced in House
Dec 2, 2020
Referred to the House Committee on Ways and Means.
Dec 15, 2020

Latest Companion Bill Action

S 116-5019
Introduced in Senate
  • December 2, 2020
    Introduced in House


  • December 2, 2020
    Referred to the House Committee on Ways and Means.


  • December 15, 2020

    Latest Companion Bill Action

    S 116-5019
    Introduced in Senate

Taxation

Related Bills

  • S 116-4751: Charitable Conservation Easement Program Integrity Act of 2020
  • HR 116-1992: Charitable Conservation Easement Program Integrity Act of 2019
  • S 116-5019: Charitable Conservation Easement Program Integrity Act of 2020
  • S 116-170: Charitable Conservation Easement Program Integrity Act of 2019
Charitable contributionsIncome tax deductionsLand use and conservationWildlife conservation and habitat protection

Charitable Conservation Easement Program Integrity Act of 2020

USA116th CongressHR-8842| House 
| Updated: 12/2/2020
Charitable Conservation Easement Program Integrity Act of 2020 This bill limits 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 three taxable 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
Dec 2, 2020
Introduced in House
Dec 2, 2020
Referred to the House Committee on Ways and Means.
Dec 15, 2020

Latest Companion Bill Action

S 116-5019
Introduced in Senate
  • December 2, 2020
    Introduced in House


  • December 2, 2020
    Referred to the House Committee on Ways and Means.


  • December 15, 2020

    Latest Companion Bill Action

    S 116-5019
    Introduced in Senate
Mike Thompson

Mike Thompson

Democratic Representative

California

Cosponsors (1)
Mike Kelly (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 116-4751: Charitable Conservation Easement Program Integrity Act of 2020
  • HR 116-1992: Charitable Conservation Easement Program Integrity Act of 2019
  • S 116-5019: Charitable Conservation Easement Program Integrity Act of 2020
  • S 116-170: Charitable Conservation Easement Program Integrity Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable contributionsIncome tax deductionsLand use and conservationWildlife conservation and habitat protection