,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #agj  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #af1 #bjai,mr4 
,da9es 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 limit ! am\nt (
 c]ta9 qualifi$ cons]vation             
contributions4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,*>itable          
,cons]vation ,easem5t ,program          
,integrity ,act ( #bjai4  #b4           
,limitation on p>tn]'s d$uction =       
qualifi$ cons]vation contributions made 
by p>tn]%ip  7a7 ,9 g5]al ,section      
#agj7;h7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#g7 ,limitation on     
p>tn]%ip allocation ( contributions     
7,a7 ,9 g5]al ,9 ! case ( any qualifi$  
cons]vation contributions ( any p>tn]%ip
 7:e!r directly or z a di/ributive %>e (
 su* contributions ( ano!r p>tn]%ip71 no
 am\nt ( su* contributions may be tak5  

into acc\nt "u ?is section by any p>tn] 
( su* p>tn]%ip z a di/ributive %>e ( su*
 contributions if ! aggregate am\nt s   
tak5 into acc\nt by su* p>tn] = !       
taxable ye> w\ld 7b = ?is p>agraph7     
exce$ #b4e times su* p>tn]'s adju/$     
basis 9 su* p>tn]%ip 7det]m9$ z ( !     
close ( su* taxable ye> & )\t reg>d to  
su* contributions74 ,! prec$+ s5t5ce    
%all apply only ) respect to ! fir/ #c  
taxable ye>s ( su* p>tn] :i* end aft] ! 
date on :i* su* p>tn] fir/ became a     
p>tn] 9 ! p>tn]%ip4  7,b7 ,exception =  
family p>tn]%ips ,subp>agraph 7,a7 %all 
n apply ) respect to any p>tn]%ip if    
sub/antially all ( ! p>tn]%ip int]e/s 9 
su* p>tn]%ip are held by individuals :o 
are relat$ )9 ! mean+ ( section         
#aeb7;d77#b74  7,c7 ,regulations ,!     
,secret>y %all prescribe su* regulations
 or o!r guidance z may be necess>y to   
c>ry out1 & prev5t ! avoidance (1 !     
purposes ( ?is p>agraph4  4  7b7        
,effective date ,?is section %all apply 
to contributions made 9 taxable ye>s    

end+ aft] ,decemb] #bc1 #bjaf4 ,no      
inf]5ce is int5d$ z ! appropriate       
treatm5t ( contributions made 9 taxable 
ye>s end+ on or be=e su* date or z to   
any activity n describ$ 9 section       
#agj7;h77#g7 ( ! ,int]nal ,rev5ue ,code 
( #aihf1 z add$ by ?is section4