To establish a settlement program for disputes relating to syndicated conservation easements and to amend the Internal Revenue Code of 1986 to clarify Congressional intent with respect to such easements.

HR10510 was introduced on September 21, 2026, by Rep. Bergman (R-MI) and referred to the House Committee on Ways and Means. The bill targets syndicated conservation easements—a tax shelter strategy where multiple investors claim disproportionate charitable deductions. By establishing a settlement program and clarifying legislative intent, the bill aims to resolve existing IRS disputes and deter future abusive transactions. At this early stage (referred to committee, no hearings or markup scheduled), the bill has no binding effect. The legislative path requires committee consideration, potential amendments, floor votes in both chambers, and presidential action. Historically, similar tax-shelter crackdowns (e.g., 2017 Tax Cuts and Jobs Act limits on pass-through deductions) have reduced demand for such structures but did not cause broad market disruption. The primary market impact would be on tax advisory firms and accounting practices that market these easements, though most are private or have small public exposure. The bill does not appropriate funds; any revenue impact would come from increased tax collections, which the Joint Committee on Taxation would score. Given the procedural stage and narrow scope, the market effect is minimal and sector-specific.