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S 2876 111th Congress Senate

Wetlands Conservation Investment Act of 2009

Official title: A bill to amend the Internal Revenue Code of 1986 to clarify the capital gain or loss treatment of the sale or exchange of mitigation credits earned by restoring wetlands, and for other purposes.

Introduced: March 22, 2010 See on congress.gov
Taxation Aquatic ecologyCapital gains taxIncome tax ratesLakes and rivers
More subjectsShow fewer subjects
Land transfersLand use and conservationU.S. and foreign investmentsWetlandsWildlife conservation and habitat protection
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 11, 2009
Read twice and referred to the Committee on Finance.
Dec 11, 2009
Introduced in Senate
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 Latest action December 11, 2009

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Wetlands Conservation Investment Act of 2009 - Amends the Internal Revenue Code to treat gain or loss from the sale or exchange of a mitigation bank credit by the sponsor of the mitigation bank (i.e., the wetland, stream, or other aquatic resource area that has been restored, established, enhanced, or preserved for the purpose of providing compensation for unavoidable impacts to aquatic resources) who earned such credit as the sale or exchange of a capital asset held for more than one year (thus allowing preferential tax treatment of such gain or loss). Exempts from tax withholding requirements any gain from sales of mitigation bank credits.

 Related & companion bills 1
  • HR 3609 Related bill Wetlands Conservation Investment Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Crapo, Mike
Idaho · Mar 22, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2876: Wetlands Conservation Investment Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-2876/
MLA
"S. 2876: Wetlands Conservation Investment Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2876/.
Bluebook (legal)
S. 2876, 111th Cong. (2026), https://openamerica.io/bill/111-S-2876/.
Markdown link
[S. 2876: Wetlands Conservation Investment Act of 2009](https://openamerica.io/bill/111-S-2876/)
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