,,ii  #aad? ,,congress  #a/ ,session    
,s4 #ccj  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #b1 #bjae,mr4 
,hell] 7= himself & ,ms4 ,/ab5[7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to make p]man5t ! 
special rule = contributions ( qualifi$ 
cons]vation contributions1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,cons]vation ,easem5t      
,inc5tive ,act ( #bjae4  #b4 ,special   
rule = contributions ( qualifi$         
cons]vation contributions made p]man5t  
7a7 ,9 g5]al  7#a7 ,individuals         
,subp>agraph 7,e7 ( section #agj7;b77#a7
 ( ! ,int]nal ,rev5ue ,code ( #aihf1 z  
am5d$ by ! ,tax ,increase ,prev5tion    
,act ( #bjad1 is am5d$ by /rik+ clause  
7vi74  7#b7 ,corporations ,subp>agraph  
7,b7 ( section #agj7;b77#b7 ( su* ,code1
 z am5d$ by su* ,act1 is am5d$ by /rik+ 
clause 7iii74  7b7 ,contributions (     
capital ga9 real prop]ty made =         

cons]vation purposes by ,native         
,corporations  7#a7 ,9 g5]al ,section   
#agj7;b77#b7 ( su* ,code is am5d$ by    
r$esignat+ subp>agraph 7,c7 z           
subp>agraph 7,d71 & by ins]t+ aft]      
subp>agraph 7,b7 ! foll[+ new           
subp>agraph3  7,c7 ,qualifi$ cons]vation
 contributions by c]ta9 ,native         
,corporations  7i7 ,9 g5]al ,any        
qualifi$ cons]vation contribution 7z    
def9$ 9 subsection 7h77#a77 :i*-- 7,i7  
is made by a ,native ,corporation1 &    
7,,ii7 is a contribution ( prop]ty :i* 0
 l& convey$ "u ! ,alaska ,native ,claims
 ,settlem5t ,act1  %all be all[$ to !   
ext5t t ! aggregate am\nt ( su*         
contributions does n exce$ ! excess ( ! 
taxpay]'s taxable income ov] ! am\nt (  
*>itable contributions all[able "u      
subp>agraph 7,a74  7ii7 ,c>ryov] ,if !  
aggregate am\nt ( contributions describ$
 9 clause 7i7 exce$s ! limitation (     
clause 7i71 su* excess %all be treat$ 79
 a mann] consi/5t ) ! rules ( subsection
 7d77#b77 z a *>itable contribution to  

:i* clause 7i7 applies 9 ea* ( ! #ae    
succe$+ ye>s 9 ord] ( "t4  7iii7 ,native
 ,corporation ,= purposes ( ?is         
subp>agraph1 ! t]m ,native ,corporation 
has ! mean+ giv5 su* t]m by section     
#c7m7 ( ! ,alaska ,native ,claims       
,settlem5t ,act4  4  7#b7 ,con=m+       
am5dm5t ,section #agj7;b77#b77;,a7 ( su*
 ,code is am5d$ by /rik+ subp>agraph    
7,b7 applies & ins]t+ subp>agraph 7,b7  
or 7,c7 applies4  7#c7 ,valid exi/+     
rights pres]v$ ,no?+ 9 ?is subsection   
7or any am5dm5t made by ?is subsection7 
%all be con/ru$ to modify ! exi/+       
prop]ty rights validly convey$ to       
,native ,corporations 7)9 ! mean+ (     
section #c7m7 ( ! ,alaska ,native       
,claims ,settlem5t ,act7 "u su* ,act4   
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply to contributions 
made 9 taxable ye>s beg9n+ aft] ,decemb]
 #ca1 #bjad4