To amend the Internal Revenue Code of 1986 to reform the charitable contribution deduction rules on contributions of certain easements on buildings in registered historic districts, and for other purposes.
Latest action · Dec 14, 2005 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 14, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to modify requirements for the tax deduction for charitable contributions of easements on buildings in registered historic districts to require such easements to preserve the entire exterior of the building and to prohibit any change in the exterior of the buildings which is inconsistent with the historic character of such exterior. Imposes additional reporting, appraisal, and filing fee requirements.
Revises criteria for determining substantial and gross overstatements of valuations of charitable deduction property. Eliminates the reasonable cause exception for waiving penalties for such overstatements.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Dec 16, 2005 to Mar 29, 2006.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-LA | Jim McCrery | Dec 16, 2005 | |
| R-IN | Mark E. Souder | Mar 29, 2006 |
Actions 2
Everything that happened, newest first.
- Dec 14, 2005Introduced in House
- Dec 14, 2005Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Administrative fees
- Buildings
- Charitable contributions
- Commemorations
- Conservation easements
- Economics and Public Finance
- Environmental Protection
- Government Operations and Politics
- Government paperwork
- Historic sites
- History
- Income tax
- Law
- Real estate appraisal
- Tax deductions
- Tax penalties
- Tax returns
- Taxation
- Valuation
Text 1
Each version as it was printed, newest first.
- Dec 14, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.