S. 1365 (104th): Endangered Species Habitat Protection Act of 1995

Introduced:
Oct 26, 1995 (104th Congress, 1995–1996)
Sponsor:
Sen. Dirk Kempthorne [R-ID]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as S. 901 (105th) on Jun 12, 1997.

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on October 26, 1995, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 26, 1995
Referred to Committee Oct 26, 1995
Cosponsors
11 cosponsors (11R) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to provide Federal tax incentives to owners of environmentally sensitive lands to enter into conservation easements for the protection of endangered species habitat, and for other purposes.

Summary

No summaries available.

Text

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Last updated Oct 26, 1995.
20 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

10/26/1995--Introduced.
Endangered Species Habitat Protection Act of 1995 - Amends the Internal Revenue Code to allow landowners of qualified acreage a credit, for agreement to manage such lands for the preservation of endangered species, in an amount equal to the lesser of:
(1) the applicable acreage rate of the qualified acreage; or
(2) $50,000.
Provides for recapture of the credit if the taxpayer transfers the qualified acreage without also transferring the obligations for such acreage.
Prohibits making a payment to an owner under capital gain and loss provisions if that owner has indicated an intention to claim an income tax credit or deduction for participation.
Provides for a deduction for the donation of property as a conservation easement.
Provides for the valuation of property which provides for the protection of endangered species.
Provides an additional deduction on State and local real property taxes paid or accrued on property subject to an endangered species conservation agreement.
Prohibits the deduction in certain cases.
Authorizes the Secretary of the Interior to cooperate fully with the appropriate States, tribes, and other non-Federal persons, including consultation with such persons before the acquisition or interest of any land or water for the conservation of endangered and threatened species.
Sets forth provisions providing for the Secretary to enter into a cooperative management agreement with non-Federal persons for the management of:
(1) endangered and threatened species or group of species; or
(2) a candidate species or group of candidate species.
Directs that a cooperative management agreement shall remain in effect and not be required to be amended to include subsequent listing of endangered or threatened species not applicable to such agreement.
Allows the Secretary to provide a habitat conservation grant to certain non-Federal persons for the purpose of conserving, preserving, or improving the habitat of endangered and threatened species.
Allows a grant to be transferred to subsequent property owners.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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