Summary: S.170 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.170. Bill summaries are authored by CRS.

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Introduced in Senate (01/16/2019)

Charitable Conservation Easement Program Integrity Act of 2019

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.