S. 901 (105th): Endangered Species Habitat Protection Act of 1997

Introduced:
Jun 12, 1997 (105th Congress, 1997–1998)
Sponsor:
Sen. Dirk Kempthorne [R-ID]
Status:
Died (Referred to Committee)

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 June 12, 1997, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 12, 1997
Referred to Committee Jun 12, 1997
Cosponsors
none
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 habitat; to amend the Internal Revenue Code of 1986 to allow a deduction from the gross estate of a decedent in an amount equal to the value of real property subject to an endangered species conservation agreement; and for other purposes.

Summary

No summaries available.

Text

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Last updated Jun 12, 1997.
13 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.

6/12/1997--Introduced.
Endangered Species Habitat Protection Act of 1997 - Amends the Internal Revenue Code to provide for a deduction for the donation of property as a conservation easement.
Provides for the valuation of the property.
Requires that the value of a taxable estate be determined by deducting from the value of the gross estate an amount equal to the adjusted value of real property included in the gross estate which is subject to an endangered species conservation agreement.
Provides for recapture in certain cases.
Excludes from gross income 75 percent of any gain from the sale of any land to a conservation purchaser if certain requirements are met.
Defines "conservation purchaser" as:
(1) any agency of the United States or of any State or local government; and
(2) any qualified organization.

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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