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H.R. 10813, the Historic Preservation and Land Conservation Certainty Act, is a procedural tax bill that provides an election for partnerships to resolve IRS disputes over conservation easement deductions. It is in early legislative stages, referred to the House Ways and Means Committee, and does not authorize any new spending or create market-moving incentives.
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This bill has no material implications for public markets. It does not create new revenue streams, alter competitive dynamics, or change regulatory burdens for any sector. Investors should focus on other legislative signals with direct economic impact.
The bill, introduced on October 15, 2026, by Rep. Carey and four Republican cosponsors, aims to resolve open partnership controversies involving donations of conservation easements. It allows partnerships that claimed deductions for qualified conservation contributions to make an election to settle disputes with the IRS, providing certainty for taxpayers. The bill is currently in the House Committee on Ways and Means with no further action, indicating low legislative momentum. As a tax procedure bill, it does not authorize funding or create new tax credits, and its impact is limited to partnerships with ongoing IRS examinations. No specific publicly traded companies are directly affected, and the bill's narrow scope means it does not alter the competitive landscape for any sector. The legislative path requires committee markup, House passage, Senate consideration, and presidential action, which is unlikely in the near term given the late session.
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NEW YORK STATE EDUCATION DEPARTMENT: $1.5B Department of Agriculture Grant
ADMINISTRACION DE DESARROLLO SOCIOECONOMICO DE LA FAMILIA: $2.5B Department of Agriculture Federal Award
DEPARTMENT OF EDUCATION CALIFORNIA: $1.7B Department of Agriculture Grant
DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT: $2.3B Department of the Treasury Federal Award
CALIFORNIA HOUSING FINANCE AGENCY: $1.1B Department of the Treasury Federal Award
DEPARTMENT OF SOCIAL SERVICES CALIFORNIA: $1.2B Department of Agriculture Grant
ILLINOIS STATE BOARD OF EDUCATION: $640M Department of Agriculture Grant
AGRICULTURE, TEXAS DEPARTMENT OF: $880M Department of Agriculture Grant
Executive orders & memoranda affecting the same sectors or companies
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