US HB6999 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on September 28 2018 - 25% progression, died in committee
Action: 2018-09-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 28 2018 - 25% progression, died in committee
Action: 2018-09-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Conservation Capital Gains Exclusion Act of 2018 This bill amends the Internal Revenue Code to exclude from gross income, for income tax purposes, any gain from the sale of land or a qualified real property interest to a qualified organization exclusively for conservation purposes. A "qualified organization" includes certain governmental units and tax-exempt organizations. A "qualified real property interest" is any interest in real property that is: (1) the entire interest of the taxpayer, (2) a remainder interest, or (3) a restriction (granted in perpetuity) on the use which may be made of the real property.
Title
Conservation Capital Gains Exclusion Act of 2018
Sponsors
Rep. Mark Meadows [R-NC] |
History
Date | Chamber | Action |
---|---|---|
2018-09-28 | House | Referred to the House Committee on Ways and Means. |
2018-09-28 | House | Introduced in House |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/6999/all-info |
Text | https://www.congress.gov/115/bills/hr6999/BILLS-115hr6999ih.pdf |