S 4751
Charitable Conservation Easement Program Integrity Act of 2020
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Bill overview
This bill, the Charitable Conservation Easement Program Integrity Act of 2020, limits the amount of tax deductions individuals can take for charitable conservation contributions made by partnerships. Specifically, it restricts a partner’s deduction to 2.5 times their adjusted basis in the partnership for the first three years after becoming a partner, with some exceptions for longer holding periods and family partnerships. The bill aims to prevent excessive deductions related to conservation easements.
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Primary sponsor
Cosponsors
Pat Roberts
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