HR 4459
115th Congress
House
Taxation
Charitable contributions
Income tax deductions
Land use and conservation
Wildlife conservation and habitat protection
Charitable Conservation Easement Program Integrity Act of 2017
Introduced: November 28, 2017
Introduced by:
Thompson, Mike
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 28, 2017
Referred to the House Committee on Ways and Means.
Nov 28, 2017
Introduced in House
Plain-English summary
Charitable Conservation Easement Program Integrity Act of 2017
This bill amends the Internal Revenue Code to limit 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 five years after the individual becomes a partner in the partnership. It does not apply to certain family partnerships.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1