Bill Summary & Status for the 106th Congress

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S.1392
Sponsor: Sen Baucus, Max (introduced 7/19/1999)
Latest Major Action: 7/19/1999 Referred to Senate committee
Title: A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for the voluntary conservation of endangered species, and for other purposes.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions) (Floor Actions/Congressional Record Page References)
7/19/1999:
Read twice and referred to the Committee on Finance.

COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***


AMENDMENT(S):

***NONE***


COSPONSOR(S):

***NONE***


SUMMARY AS OF:
7/19/1999--Introduced.

Species Conservation Tax Act of 1999 - Amends the Internal Revenue Code to exclude from gross income payments received under the Partners for Fish and Wildlife Program. Allows, as a charitable deduction, a qualified conservation contribution which provides for the conservation of a designated endangered species. Excludes from the estate tax certain real property subject to an endangered species conservation agreement. Repeals specified property location restrictions on the estate tax exclusion for property subject to a qualified conservation easement.