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Charitable Conservation Easement Program Integrity Act of 2020

USA116th CongressS-5019| Senate 
| Updated: 12/15/2020
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (8)
Chris Van Hollen (Democratic)Jon Tester (Democratic)Debbie Stabenow (Democratic)Martin Heinrich (Democratic)Michael F. Bennet (Democratic)Pat Roberts (Republican)Chuck Grassley (Republican)Ron Wyden (Democratic)

Finance 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

Latest Companion Bill Action

HR 116-8842
Introduced in House
Dec 15, 2020
Introduced in Senate
Dec 15, 2020
Read twice and referred to the Committee on Finance.
  • December 2, 2020

    Latest Companion Bill Action

    HR 116-8842
    Introduced in House


  • December 15, 2020
    Introduced in Senate


  • December 15, 2020
    Read twice and referred to the Committee on Finance.

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
  • HR 116-8842: 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 CongressS-5019| Senate 
| Updated: 12/15/2020
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

Latest Companion Bill Action

HR 116-8842
Introduced in House
Dec 15, 2020
Introduced in Senate
Dec 15, 2020
Read twice and referred to the Committee on Finance.
  • December 2, 2020

    Latest Companion Bill Action

    HR 116-8842
    Introduced in House


  • December 15, 2020
    Introduced in Senate


  • December 15, 2020
    Read twice and referred to the Committee on Finance.
Steve Daines

Steve Daines

Republican Senator

Montana

Cosponsors (8)
Chris Van Hollen (Democratic)Jon Tester (Democratic)Debbie Stabenow (Democratic)Martin Heinrich (Democratic)Michael F. Bennet (Democratic)Pat Roberts (Republican)Chuck Grassley (Republican)Ron Wyden (Democratic)

Finance 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
  • 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
Charitable contributionsIncome tax deductionsLand use and conservationWildlife conservation and habitat protection