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Charitable Conservation Easement Program Integrity Act of 2020

USA116th CongressS-4751| Senate 
| Updated: 9/29/2020
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (2)
Pat Roberts (Republican)Chuck Grassley (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Charitable Conservation Easement Program Integrity Act of 20 20 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
Sep 29, 2020
Introduced in Senate
Sep 29, 2020
Read twice and referred to the Committee on Finance.
Dec 2, 2020

Latest Companion Bill Action

HR 116-8842
Introduced in House
  • September 29, 2020
    Introduced in Senate


  • September 29, 2020
    Read twice and referred to the Committee on Finance.


  • December 2, 2020

    Latest Companion Bill Action

    HR 116-8842
    Introduced in House

Taxation

Related Bills

  • HR 116-1992: Charitable Conservation Easement Program Integrity Act of 2019
  • S 116-5019: Charitable Conservation Easement Program Integrity Act of 2020
  • HR 116-8842: Charitable Conservation Easement Program Integrity Act of 2020
  • S 116-170: Charitable Conservation Easement Program Integrity Act of 2019

Charitable Conservation Easement Program Integrity Act of 2020

USA116th CongressS-4751| Senate 
| Updated: 9/29/2020
Charitable Conservation Easement Program Integrity Act of 20 20 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
Sep 29, 2020
Introduced in Senate
Sep 29, 2020
Read twice and referred to the Committee on Finance.
Dec 2, 2020

Latest Companion Bill Action

HR 116-8842
Introduced in House
  • September 29, 2020
    Introduced in Senate


  • September 29, 2020
    Read twice and referred to the Committee on Finance.


  • December 2, 2020

    Latest Companion Bill Action

    HR 116-8842
    Introduced in House
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (2)
Pat Roberts (Republican)Chuck Grassley (Republican)

Finance Committee

Taxation

Related Bills

  • HR 116-1992: Charitable Conservation Easement Program Integrity Act of 2019
  • S 116-5019: Charitable Conservation Easement Program Integrity Act of 2020
  • HR 116-8842: 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