II
112th CONGRESS
1st Session
S. 339
IN THE SENATE OF THE UNITED STATES
February 14, 2011
Mr. Baucus (for himself and Mr. Tester) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to make permanent the special rule for contributions of qualified conservation contributions.
Short title
This Act may be cited as the
Rural Heritage Conservation Extension
Act of 2011
.
Special rule for contributions of qualified conservation contributions made permanent
In general
Individuals
Subparagraph (E) of section 170(b)(1) of the Internal Revenue Code of 1986 (relating to contributions of qualified conservation contributions) is amended by striking clause (vi).
Corporations
Subparagraph (B) of section 170(b)(2) of such Code (relating to qualified conservation contributions) is amended by striking clause (iii).
Effective date
The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2011.