S.Amdt. 3772

SA 3772. Mr. BEGICH (for himself and Ms. Murkowski) submitted an
amendment intended to be proposed to amendment SA 3060 proposed by Mr.
Wyden to the bill H.R. 3474, to amend the Internal Revenue Code of 1986
to allow employers to exempt employees with health coverage under
TRICARE or the Veterans Administration from being taken into account
for purposes of the employer mandate under the Patient Protection and
Affordable Care Act; which was ordered to lie on the table; as follows:

On page 9, between lines 13 and14, insert the following:
(c) Encouragement of Contributions of Capital Gain Real
Property Made for Conservation Purposes by Native
Corporations.--
(1) In general.--Paragraph (2) of section 170(b) is amended
by redesignating subparagraph (C) as subparagraph (D), and by
inserting after subparagraph (B) the following new
subparagraph:
``(C) Qualified conservation contributions by certain
native corporations.--
``(i) In general.--Any qualified conservation contribution
(as defined in subsection (h)(1)) which--

``(I) is made by a Native Corporation, and
``(II) is a contribution of property which was land
conveyed under the Alaska Native Claims Settlement Act,

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 (A).
``(ii) Carryover.--If the aggregate amount of contributions
described in clause (i) exceeds the limitation of clause (i),
such excess shall be treated (in a manner consistent with the
rules of subsection (d)(2)) as a charitable contribution to
which clause (i) applies in each of the 15 succeeding years
in order of time.
``(iii) Definition.--For purposes of clause (i), the term
`Native Corporation' has the meaning given such term by
section 3(m) of the Alaska Native Claims Settlement Act.''.
(2) Conforming amendment.--Section 170(b)(2)(A) of such
Code is amended by striking ``subparagraph (B) applies'' and
inserting ``subparagraphs (B) or (C) apply''.
(3) 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
(withing the meaning of section 3(m) of the Alaska Native
Claims Settlement Act) under such Act.
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