Bill > HR1992

Introduced Session

To amend the Internal Revenue Code of 1986 to limit the amount of certain qualified conservation contributions. 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.

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Mike Thompson (D)*,  Cindy Axne (D),  Tom Cole (R),  Jason Crow (D),  Joe Cunningham (D),  Madeleine Dean (D),  Suzan DelBene (D),  Antonio Delgado (D),  Veronica Escobar (D),  Brian Fitzpatrick (R),  Chuck Fleischmann (R),  John Garamendi (D),  Greg Gianforte (R),  Vicente Gonzalez (D),  Vicky Hartzler (R),  Chrissy Houlahan (D),  Marcy Kaptur (D),  Mike Kelly (R),  Derek Kilmer (D),  Ron Kind (D),  Ann Kuster (D),  Tom Malinowski (D),  Jim McGovern (D),  Jimmy Panetta (D),  Chris Pappas (D),  Bill Pascrell (D),  Ed Perlmutter (D),  Mark Pocan (D),  Jamie Raskin (D),  Brad Schneider (D),  Kim Schrier (D),  Tom Suozzi (D),  Peter Visclosky (D),  Peter Welch (D),  Ted Yoho (R), 

Referred to the House Committee on Ways and Means. (on 03/29/2019)

Official Document