HR 8842 · 116th Congress · Taxation

Charitable Conservation Easement Program Integrity Act of 2020

Introduced 2020-12-02· Sponsored by Rep. Thompson, Mike [D-CA-5]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-12-02)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican