,,ii  #aadth ,,congress  #ast ,session  
,s4 #ccj  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #b1       
#bjae,mr4 ,heller 7for himself and ,ms4 
,stabenow7 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 make permanent the special 
rule for contributions of qualified     
conservation contributions1 and for     
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,conservation  
,easement ,incentive ,act of #bjae4  #b4
 ,special rule for contributions of     
qualified conservation contributions    
made permanent  7a7 ,in general  7#a7   
,individuals ,subparagraph 7,e7 of      
section #agj7;b77#a7 of the ,internal   
,revenue ,code of #aihf1 as amended by  
the ,tax ,increase ,prevention ,act of  
#bjad1 is amended by striking clause    
7vi74  7#b7 ,corporations ,subparagraph 
7,b7 of section #agj7;b77#b7 of such    
,code1 as amended by such ,act1 is      

amended by striking clause 7iii74  7b7  
,contributions of capital gain real     
property made for conservation purposes 
by ,native ,corporations  7#a7 ,in      
general ,section #agj7;b77#b7 of such   
,code 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 ,native ,corporation ,for purposes
 of this subparagraph1 the term ,native 
,corporation has the meaning given such 
term by section #c7m7 of the ,alaska    
,native ,claims ,settlement ,act4  4    
7#b7 ,conforming amendment ,section     
#agj7;b77#b77;,a7 of such ,code is      
amended by striking subparagraph 7,b7   
applies and inserting subparagraph 7,b7 
or 7,c7 applies4  7#c7 ,valid existing  
rights preserved ,nothing in this       
subsection 7or any amendment made by    
this subsection7 shall be construed to  
modify the existing property rights     
validly conveyed to ,native             
,corporations 7within the meaning of    
section #c7m7 of the ,alaska ,native    
,claims ,settlement ,act7 under such    

,act4  7c7 ,effective date ,the         
amendments made by this section shall   
apply to contributions made in taxable  
years beginning after ,december #ca1    
#bjad4