HR 523 · 104th Congress · Taxation

Land Preservation Tax Fairness Act of 1995

Introduced 1995-01-13· Sponsored by Rep. Zimmer, Dick [R-NJ-12]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Committee Hearings Held.(1995-07-12)

Plain Language Summary

[AI summary unavailable — showing source text] 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