A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for land sales for conservation purposes.
Conservation Tax Incentives Act of 1998 - Amends the Internal Revenue Code to provide a 50 percent exclusion of gain on the sale of land or interests in land or water to a governmental entity or qualified conservation nonprofit organization for conservation purposes.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S9434-9435)
Read twice and referred to the Committee on Finance.
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