Charitable Conservation Easement Program Integrity Act of 2019
- Last Action
- 3/29/2019
Actions
- 2019-03-29Referred to the House Committee on Ways and Means.
- 2019-03-29Introduced in House
- 2019-03-29Introduced in House
CRS Summary
As of 2019-03-29 (00)
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.
Cosponsors (20)
- Mike Kelly (R-PA)
- Brian Fitzpatrick (R-PA)
- Thomas Suozzi (D-NY)
- Greg Gianforte (R-MT)
- Ann Kuster (D-NH)
- Chris Pappas (D-NH)
- Charles Fleischmann (R-TN)
- John Garamendi (D-CA)
- JAMES MCGOVERN (D-MA)
- Vicky Hartzler (R-MO)
- Jason Crow (D-CO)
- PETER VISCLOSKY (D-IN)
- Joe Cunningham (D-SC)
- WILLIAM PASCRELL (D-NJ)
- Jamie Raskin (D-MD)
- Jimmy Panetta (D-CA)
- Tom Cole (R-OK)
- Mark Pocan (D-WI)
- Suzan DelBene (D-WA)
- Ed Perlmutter (D-CO)
Subjects
- Charitable contributions
- Income tax deductions
- Land use and conservation
- Wildlife conservation and habitat protection
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.