Charitable Conservation Easement Program Integrity Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jan 16, 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 happenedJan 16, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJan 16, 2019
- Jan 16, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jan 16, 2019IntroReferral10000
Introduced in Senate