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A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified conservation contributions which include National Scenic Trails.

12/21/2024, 11:56 AM

Summary of Bill S 5641

Bill 118 s 5641, also known as the "National Scenic Trails Conservation Credit Act," is a proposed piece of legislation that aims to amend the Internal Revenue Code of 1986. The main purpose of this bill is to allow individuals to receive a credit against their income tax for making qualified conservation contributions, specifically those that involve National Scenic Trails.

Under this bill, individuals who make contributions towards the preservation and maintenance of National Scenic Trails would be eligible to receive a tax credit. This credit would serve as an incentive for individuals to support the conservation efforts of these important natural landmarks.

The bill emphasizes the importance of protecting and preserving National Scenic Trails, which are designated as such for their scenic, historic, and recreational value. By providing a tax credit for contributions towards these trails, the bill aims to encourage individuals to actively participate in their conservation. Overall, Bill 118 s 5641 seeks to promote the preservation of National Scenic Trails by incentivizing individuals to contribute towards their conservation efforts through the use of a tax credit. This legislation highlights the importance of protecting these natural landmarks for future generations to enjoy.

Current Status of Bill S 5641

Bill S 5641 is currently in the status of Bill Introduced since December 20, 2024. Bill S 5641 was introduced during Congress 118 and was introduced to the Senate on December 20, 2024.  Bill S 5641's most recent activity was Read twice and referred to the Committee on Finance. as of December 20, 2024

Bipartisan Support of Bill S 5641

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5641

Primary Policy Focus

Comments

Lottie Sanchez profile image

Lottie Sanchez

670

1 year ago

So, apparently this bill is supposed to help out some trails or something. But really, who benefits from this? Certainly not me or my community. Just another way for the government to waste our hard-earned money.