Charitable Conservation Easement Program Integrity Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Nov 28, 2017)
Charitable Conservation Easement Program Integrity Act of 2017
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 happenedNov 28, 2017
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseNov 28, 2017
- Nov 28, 2017IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Nov 28, 2017IntroReferralIntro-H
Introduced in House
- Nov 28, 2017IntroReferral1000
Introduced in House