,,ii  #aafth ,,congress  #ast ,session  
,s4 #agj  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,january #af1       
#bjai,mr4 ,daines 7for himself and ,ms4 
,stabenow7 introduced the following     
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to limit the amount of certain
 qualified conservation contributions4  
#a4 ,short title ,this ,act may be cited
 as the ,charitable ,conservation       
,easement ,program ,integrity ,act of   
#bjai4  #b4 ,limitation on partner's    
deduction for qualified conservation    
contributions made by partnership  7a7  
,in general ,section #agj7;h7 of the    
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new paragraph3  7#g7          
,limitation on partnership allocation of
 contributions  7,a7 ,in general ,in the
 case of any qualified conservation     
contributions of any partnership        
7whether directly or as a distributive  

share of such contributions of another  
partnership71 no amount of such         
contributions may be taken into account 
under this section by any partner of    
such partnership as a distributive share
 of such contributions if the aggregate 
amount so taken into account by such    
partner for the taxable year would 7but 
for this paragraph7 exceed #b4e times   
such partner's adjusted basis in such   
partnership 7determined as of the close 
of such taxable year and without regard 
to such contributions74 ,the preceding  
sentence shall apply only with respect  
to the first #c taxable years of such   
partner which end after the date on     
which such partner first became a       
partner in the partnership4  7,b7       
,exception for family partnerships      
,subparagraph 7,a7 shall not apply with 
respect to any partnership if           
substantially all of the partnership    
interests in such partnership are held  
by individuals who are related within   
the meaning of section #aeb7;d77#b74    

7,c7 ,regulations ,the ,secretary shall 
prescribe such regulations or other     
guidance as may be necessary to carry   
out1 and prevent the avoidance of1 the  
purposes of this paragraph4  4  7b7     
,effective date ,this section shall     
apply to contributions made in taxable  
years ending after ,december #bc1 #bjaf4
 ,no inference is intended as the       
appropriate treatment of contributions  
made in taxable years ending on or      
before such date or as to any activity  
not described in section #agj7;h77#g7 of
 the ,internal ,revenue ,code of #aihf1 
as added by this section4