Conservation Easement Incentive Act of 2015

Senate Bill 330 - Conservation Easement Incentive Act of 2015: Overview, Status, and Impact

Hozzl · 2023-01-11T13:28:25Z

Explore the details of Senate Bill 330 Conservation Easement Incentive Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/11/2023, 1:28 PM

Congressional Summary of S 330

Conservation Easement Incentive Act of 2015

Amends the Internal Revenue Code to: (1) make permanent the tax deduction for charitable contributions by individuals and corporations of real property interests for conservation purposes, and (2) allow Native Corporations an increased tax deduction for donations of conservation easements related to lands conveyed under the Alaska Native Claims Settlement Act.

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Current Status of Bill S 330

Bill S 330 is currently in the status of Bill Introduced since February 2, 2015. Bill S 330 was introduced during Congress 114 and was introduced to the Senate on February 2, 2015. Bill S 330's most recent activity was Read twice and referred to the Committee on Finance. as of February 2, 2015

Bipartisan Support of Bill S 330

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 330

Primary Policy Focus

Taxation

Potential Impact Areas

- Alaska

- Alaska Natives and Hawaiians

- Income tax deductions

- Land transfers

- Land use and conservation

- Social work, volunteer service, charitable organizations

- Wildlife conservation and habitat protection

Alternate Title(s) of Bill S 330

Conservation Easement Incentive Act of 2015

A bill to amend the Internal Revenue Code of 1986 to make permanent the special rule for contributions of qualified conservation contributions, and for other purposes.

Conservation Easement Incentive Act of 2015