Bill
Bill > HR4164
summary
Introduced
06/24/2021
06/24/2021
In Committee
06/24/2021
06/24/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to limit the charitable deduction for certain qualified conservation contributions.
AI Summary
This bill, the Charitable Conservation Easement Program Integrity Act of 2021, aims to limit the charitable deduction for certain qualified conservation contributions made by pass-through entities, such as partnerships. Specifically, the bill places a limit on the amount of the deduction to 2.5 times the sum of each partner's relevant basis in the partnership. The bill also applies accuracy-related penalties for disallowance of these deductions and extends the statute of limitations on assessment and collection for certain transactions. The bill is intended to address concerns around abuse of the charitable conservation easement program.
Committee Categories
Budget and Finance
Sponsors (12)
Mike Thompson (D)*,
Brian Fitzpatrick (R),
John Garamendi (D),
Chrissy Houlahan (D),
Mike Kelly (R),
Derek Kilmer (D),
Ann Kuster (D),
Tom Malinowski (D),
Jay Obernolte (R),
Frank Pallone (D),
Chris Pappas (D),
John Yarmuth (D),
Last Action
Referred to the House Committee on Ways and Means. (on 06/24/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/4164/all-info |
| BillText | https://www.congress.gov/117/bills/hr4164/BILLS-117hr4164ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr4164/BILLS-117hr4164ih.pdf.pdf |
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