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Charitable Conservation Easement Program Integrity Act of 2020
Legislative Progress
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vs 5,086 other S bills in the 116th — cohort avg 30d
Charitable Conservation Easement Program Integrity Act of 2020 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.
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Filing registrants (2)
2020 · fourth_quarter · Taxation/Internal Revenue Code
Legislative services related to tax reform and issues affecting the tax deduction for donations of conservation easements, including H.R. 1992, Bill to amend the Internal Revenue Code to limit the amount of certain qualified conservation contributions, S. 170, Charitable Conservation Easement Program Integrity Act of 2019, IRS Notices 2017-10, 2017-29 and Notice 2017-58, and S. 4751, (Charitable Conservation Easement Program Integrity Act), H.R. 133, the Consolidated Appropriations Act, 2021, and H.R. 8842 and S. 5019, Charitable Conservation Easement Program Integrity Act of 2020.
Read twice and referred to the Committee on Finance.
Introduced in Senate
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Sources: Congress.gov
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
S. 170, H.R. 1992, S. 4751, S. 5019, H.R. 8842 the Charitable Conservation Easements Program Integrity Act of 2019 and 2020, all provisions related to the tax status of partnership conservation easements. H.R. 133 the FY 2021 Omnibus and COVID Relief and Response Act, all provisions related to the tax status of partnership conservation easements.
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| MT |
| Martin Heinrich | Democratic | NM |
| Michael F. Bennet | Democratic | CO |
| Pat Roberts | Republican | KS |
| Ron Wyden | Democratic | OR |
| HR 1992 |
116th |
| Related bill |