S. 2256
Referred to CommitteeCharitable Conservation Easement Program Integrity Act of 2021
Introduced 6/24/2021•117th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
6/24/2021 • Senate
Summary
Charitable Conservation Easement Program Integrity Act of 2021
This bill imposes a limitation on the tax deduction for qualified conservation contributions made by certain partnerships if the amount of the contribution exceeds 2.5% times the sum of each partner's relevant basis in the partnership. This limitation also applies to other pass-thru entities, such as S corporations.
Introduced in Senate • 6/24/2021
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Topics & Subjects
Policy Area: Taxation
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Related Federal Spending
Sponsor & Cosponsors (16)
Party Breakdown
13
Democrats
3
Republicans
0
Independents
Sponsor
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Cosponsors (15)
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Bill Journey
Originated in the Senate
Introduced
June 24, 2021
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate6/24/2021