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Grassley, Wyden Issue Subpoenas in Land Deals Investigation (1)

Sept. 16, 2019, 10:28 PMUpdated: Sept. 16, 2019, 11:44 PM

The Senate’s two top tax-writers issued subpoenas to six individuals seeking more information on tax-advantaged land deals known as syndicated conservation easements.

The Senate Finance Committee Sept. 16 announced that six individuals—Matthew Campbell, Robert McCullough, Matt Ornstein, Eugene “Chip” Pearson, Mark Pickett, and Frank Schuler—have been issued subpoenas for information. Senate Finance rules specify that subpoenas for documents can be issued by the chairman with the agreement of the ranking member or by a majority committee vote.

The deals, which supporters say are a legitimate way to protect land, involve multiple people claiming a charitable deduction for ...