Conservation Capital Gains Exclusion Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 28, 2018)
Conservation Capital Gains Exclusion Act of 2018
This bill amends the Internal Revenue Code to exclude from gross income, for income tax purposes, any gain from the sale of land or a qualified real property interest to a qualified organization exclusively for conservation purposes.
A "qualified organization" includes certain governmental units and tax-exempt organizations.
A "qualified real property interest" is any interest in real property that is: (1) the entire interest of the taxpayer, (2) a remainder interest, or (3) a restriction (granted in perpetuity) on the use which may be made of the real property.
What just happenedSep 28, 2018
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseSep 28, 2018
- Sep 28, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 28, 2018IntroReferralIntro-H
Introduced in House
- Sep 28, 2018IntroReferral1000
Introduced in House