Bill > HR8842

This bill, the Charitable Conservation Easement Program Integrity Act of 2020, limits the tax deductions that partners of a partnership can claim for qualified conservation contributions (the donation of a qualified real property interest to a qualified organization for conservation purposes). The bill states that a partner's annual deduction for such contributions cannot exceed 2.5 times the partner's adjusted basis in the partnership, with some exceptions. This applies for the first three taxable years after the partner joins the partnership. The bill does not apply to certain family partnerships. The provisions are intended to prevent abuse of the tax deduction for conservation easements.