S 2436
115th Congress
Senate
Taxation
Charitable contributions
Income tax deductions
Land use and conservation
Wildlife conservation and habitat protection
Charitable Conservation Easement Program Integrity Act of 2018
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 15, 2018
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)
Feb 15, 2018
Introduced in Senate
Plain-English summary
Charitable Conservation Easement Program Integrity Act of 2018
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
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1166)
Committees of jurisdiction
1
Cosponsors
1