HR 523 · 104th Congress · Taxation
Land Preservation Tax Fairness Act of 1995
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Committee Hearings Held.(1995-07-12)
Plain Language Summary
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Land Preservation Tax Fairness Act of 1995 - Amends the Internal Revenue Code to require taking into account, for purposes of determining gain, the entire adjusted basis of property sold to a tax-exempt charitable organization as conservation property. Provides for determining the fair market value of restrictions on such property for purposes of determining the allowable deduction.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (10)
5 Democrats5 Republicans