,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #dgea  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bi1         
#bjbj,mr4 ,da9es 7= himself1 ,mr4       
,grassley1 & ,mr4 ,rob]ts7 introduc$ !  
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to limit ! *>itable d$uction =    
c]ta9 qualifi$ cons]vation              
contributions4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,*>itable          
,cons]vation ,easem5t ,program          
,integrity ,act ( #bjbj4  #b4           
,limitation on d$uction = qualifi$      
cons]vation contributions made by       
pass-?r\gh entity  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     
d$uction = qualifi$ cons]vation         
contributions made by pass-?r\gh entity 
7,a7 ,9 g5]al ,9 ! case ( any qualifi$  
cons]vation contribution ( any p>tn]%ip1
 no am\nt ( su* contribution may be tak5

 into acc\nt "u ?is section by any p>tn]
 ( su* p>tn]%ip z a di/ributive %>e (   
su* contribution if ! aggregate am\nt s 
tak5 into acc\nt by su* p>tn] = !       
taxable ye> w\ld 7b = ?is p>agraph7     
exce$ #b4e times ! portion ( ! adju/$   
basis ( su* p>tn]'s int]e/ 9 su*        
p>tn]%ip 7det]m9$ imm$iately be=e su*   
contribution & )\t reg>d to section     
#geb7 :i* is allocable 7"u rules simil> 
to ! rules ( section #gee7 to ! qualifi$
 real prop]ty int]e/ ) respect to :i*   
su* contribution is made4  7,b7         
,limitation to fir/-ti] p>tn]%ips       
,except z may be o!rwise provid$ by !   
,secret>y1 no di/ributive %>e ( a       
qualifi$ cons]vation contribution %all  
be tak5 into acc\nt "u ?is section if ! 
int]e/ 9 ! p>tn]%ip mak+ ! contribution 
is held ?r\gh "o or m p>tn]%ips or      
pass-?r\gh entities4  7,c7 ,exception = 
contributions outside #c-ye> hold+ p]iod
 ,subp>agraphs 7,a7 & 7,b7 %all n apply 
to a p>tn]'s di/ributive %>e ( a        
qualifi$ cons]vation contribution if su*

 contribution is made-- 7i7 at lea/ #c  
ye>s aft] ! date ! p>tn]%ip acquir$ !   
entirety ( ! qualifi$ real prop]ty      
int]e/ ) respect to :i* su* contribution
 is made1 &  7ii7 at lea/ #c ye>s aft] !
 date ! p>tn] acquir$ ! p>tn]'s entire  
int]e/ 9 ! p>tn]%ip ) respect to :i* su*
 di/ributive %>e is det]m9$ 7includ+1 = 
purposes ( subp>agraph 7,b71 any su*    
int]e/ held ?r\gh "o or m p>tn]%ips or  
pass-?r\gh entities74  7,d7 ,exception =
 family p>tn]%ips ,?is p>agraph %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,e7 ,application to o!r 
pass-?r\gh entities ,except z may be    
o!rwise provid$ by ! ,secret>y1 rules   
simil> to ! rules ( ?is p>agraph %all   
apply ) respect to qualifi$ cons]vation 
contributions ( ,s corporations & o!r   
pass-?r\gh entities4  7,f7 ,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  7#a7 ,9 g5]al   
,except z o!rwise provid$ 9 p>agraph    
7#b71 ?is section %all apply to         
contributions made 9 taxable ye>s end+  
aft] ,decemb] #bc1 #bjaf4 ,no inf]5ce is
 int5d$ z to ! 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  7#b7 ,limitation to    
fir/-ti] p>tn]%ips ,subp>agraph 7,b7 (  
section #agj7;h77#g7 ( ! ,int]nal       
,rev5ue ,code ( #aihf1 z add$ by ?is    
section1 %all apply to contributions    
made aft] ! date ( ! enactm5t ( ?is     
,act4