New bill looks to curb abuses of this charitable tax deduction for land preservation

New bill looks to curb abuses of this charitable tax deduction for land preservation

New bill looks to curb abuses of this charitable tax deduction for land preservation - One bill that was proposed earlier this year aims to curb abuses of tax deductions for land preservation. - The proposal has made it into House Democrats' reconciliation bill and is expected to also be included by the Senate. - "We are hopeful that this will move forward and get signed into law by the president," one advocate said. Lawmakers on Capitol Hill may pass a measure to curb abuses by taxpayers using a particular tax deduction for land preservation. The bill, named the Charitable Conservation Easement Program Integrity Act of 2021, has been included in the House Democrats' budget reconciliation package. Conservation easements enable property owners who give up certain rights to use or …
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