Charitable Conservation Easement Program Integrity Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 2, 2020)
Charitable Conservation Easement Program Integrity Act of 2020
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 happenedDec 2, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseDec 2, 2020
- Dec 2, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Dec 2, 2020IntroReferralIntro-H
Introduced in House
- Dec 2, 2020IntroReferral1000
Introduced in House