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116-hr-8842116th Congress

Charitable Conservation Easement Program Integrity Act of 2020

Sponsored By: Representative Thompson, Mike [D-CA-4]

Unknown

Summary

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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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Thompson, Mike [D-CA-4]

CA • D

Cosponsors

  • Rep. Kelly, Mike [R-PA-16]

    PA • R

    Sponsored 12/2/2020

Roll Call Votes

No roll call votes available for this bill.

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