S. 170 · 116th Congress
Charitable Conservation Easement Program Integrity Act of 2019
- Stage
- In committee
- Sponsor
- Steve Daines
- Introduced
- 2019-01-16
- Latest action
- 2019-01-16 · Introduced in Senate
Summary
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.