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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-06-24 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2021-06-24 | IntroReferral | Introduced in Senate | Library of Congress |