Summary: S.2436 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.2436. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/15/2018)

Charitable Conservation Easement Program Integrity Act of 2018

This bill amends the Internal Revenue Code to limit 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 five years after the individual becomes a partner in the partnership. It does not apply to certain family partnerships.