,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bfcf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bb1     
#bjad ,mr4 ,begich 7for himself and ,ms4
 ,murkowski7 introduced the following   
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to encourage charitable       
contributions of real property for      
conservation purposes by ,native        
,corporations4  #a4  ,short title  ,this
 ,act may be cited as the ,alaska       
,native ,conservation ,parity ,act of   
#bjad4  #b4  ,encouragement of          
contributions of capital gain real      
property made for conservation purposes 
by ,native ,corporations  7a7  ,in      
general  ,paragraph 7#b7 of section     
#agj7;b7 of the ,internal ,revenue ,code
 of #aihf is amended by redesignating   
subparagraph 7,c7 as subparagraph 7,d71 
and by inserting after subparagraph 7,b7
 the following new subparagraph3  7,c7  
,qualified conservation contributions by

 certain ,native ,corporations  7i7  ,in
 general  ,any qualified conservation   
contribution 7as defined in subsection  
7h77#a77 which--  7,i7 is made by a     
,native ,corporation1 and  7,,ii7 is a  
contribution of property which was land 
conveyed under the ,alaska ,native      
,claims ,settlement ,act1  shall be     
allowed to the extent that the aggregate
 amount of such contributions does not  
exceed the excess of the taxpayer's     
taxable income over the amount of       
charitable contributions allowable under
 subparagraph 7,a74  7ii7  ,carryover   
,if the aggregate amount of             
contributions described in clause 7i7   
exceeds the limitation of clause 7i71   
such excess shall be treated 7in a      
manner consistent with the rules of     
subsection 7d77#b77 as a charitable     
contribution to which clause 7i7 applies
 in each of the #ae succeeding years in 
order of time4  7iii7  ,definition  ,for
 purposes of clause 7i71 the term       
,native ,corporation has the meaning    

given such term by section #c7m7 of the 
,alaska ,native ,claims ,settlement     
,act4  4  7b7  ,conforming amendment    
,section #agj7;b77#b77;,a7 of such ,code
 is amended by striking subparagraph    
7,b7 applies and inserting subparagraphs
 7,b7 or 7,c7 apply4  7c7  ,effective   
date  ,the amendments made by this      
section shall apply to contributions    
made in taxable years beginning after   
,december #ca1 #bjac4  7d7  ,rule of    
construction  ,nothing in this section  
or the amendments made by this section  
shall be construed to modify any        
existing property rights conveyed to    
,native ,corporations 7withing the      
meaning of section #c7m7 of the ,alaska 
,native ,claims ,settlement ,act7 under 
such ,act4