Charitable Conservation Easement Program Integrity Act of 201 9 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.
Charitable contributionsIncome tax deductionsLand use and conservationWildlife conservation and habitat protection
Charitable Conservation Easement Program Integrity Act of 2019
USA116th CongressS-170| Senate
| Updated: 1/16/2019
Charitable Conservation Easement Program Integrity Act of 201 9 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.