Charitable Conservation Easement Program Integrity Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Feb 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.
What just happenedFeb 15, 2018
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)
Who’s behind it
- Introduced in SenateFeb 15, 2018
- Feb 15, 2018IntroReferral
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)
Finance Committee - Feb 15, 2018IntroReferral10000
Introduced in Senate