Charitable Conservation Easement Program Integrity Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 29, 2019)
Charitable Conservation Easement Program Integrity Act of 2019
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.
What just happenedMar 29, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMar 29, 2019
- Mar 29, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 29, 2019IntroReferralIntro-H
Introduced in House
- Mar 29, 2019IntroReferral1000
Introduced in House