HR 2290 107th Congress House Taxation Animals Capital gains tax Charities Environmental Protection Environmental protection groups Finance and Financial Sector Foundations Habitat conservation Income tax Land transfers Nature conservation Open space lands Outdoor recreation Personal income tax Public Lands and Natural Resources Social Welfare Sports and Recreation Stocks Tax exclusion

Conservation Tax Incentives Act of 2001

Introduced: June 21, 2001 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 21, 2001

Referred to the House Committee on Ways and Means.

Jun 21, 2001

Introduced in House

Plain-English summary Congressional Research Service

Conservation Tax Incentives Act of 2001 - Amends the Internal Revenue Code to exclude from gross income 50 percent of any gain from the sale of land or an interest in land or water to an eligible entity if: (1) such land or interest in land or water was owned by the taxpayer or a member of the taxpayer's family at all times during the 3-year period ending on the date of the sale; and (2) such land or interest in land or water is being acquired by an eligible conservation entity which provides the taxpayer, at the time of acquisition, a written letter of intent stating that the purchaser's intent in making the acquisition is to serve specified conservation purposes.

What's happening now June 21, 2001

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1