Bipartisan Senators Open Probe Of Conservation Tax Abuse

Law360 (March 27, 2019, 7:45 PM EDT) -- The top lawmakers on the Senate Finance Committee announced Wednesday that they have begun an investigation, by sending letters to interested parties, into potential abuse surrounding a tax deduction meant to encourage environmental conservation.

Senate Finance Committee Chairman Chuck Grassley, right, and ranking member Ron Wyden sent a letter of inquiry to 14 individuals who, they said, may have abused syndicated conservation easements, a tax deduction. (AP) Committee Chairman Chuck Grassley, R-Iowa, and ranking member Ron Wyden, D-Ore., announced they have begun investigating potential abuse of the Internal Revenue Code's Section 170, which provides tax deductions for conservation-oriented land donations. They sent a letter to 14...

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