>>.pdf

Archaeology-Southwest-S2256.pdf
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🔗 Source: archaeologysouthwest.org
📊 Size: 708 KB
👤 Author: John R. Welch
⬇️ Downloads: 116

Summary

Archaeology Southwest, a Tucson-based nonprofit, supports the Charitable Conservation Easement Program Integrity Act (S. 2256) in the reconciliation package, as it aims to stop abusive transactions disguised as philanthropy, which have resulted in $9.2 billion in claimed tax deductions by syndicators in 2018. The organization argues that the effective date of the legislation is not retroactive, but rather mirrors the date the IRS warned bad actors to halt their abusive transactions, and that changes to the effective date would only protect the profiteering of these actors. Despite efforts by federal agencies, these abuses continue, and Congress needs to pass the Act to shut down these transactions and safeguard the taxpaying public, while ensuring the federal tax incentive for land conservation remains available for genuine philanthropists.

Description

Archaeology Southwest, a Tucson-based nonprofit, supports the Charitable Conservation Easement Program Integrity Act (S.

Technical Information

  • File Format: PDF
  • File Size: 708 KB
  • Pages: 2
  • Language: EN
  • Author: John R. Welch
  • Total Downloads: 116
  • Last Updated: 1 month ago

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