II
113th CONGRESS
1st Session
S. 526
IN THE SENATE OF THE UNITED STATES
March 12, 2013
Mr. Baucus (for himself and Mr. Hatch) 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, and for other purposes.
Short title
This Act may be cited as the
Rural Heritage Conservation Extension
Act of 2013
.
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, as amended by the American Taxpayer Relief Act of 2012, is amended by striking clause (vi).
Corporations
Subparagraph (B) of section 170(b)(2) of such Code, as amended by the American Taxpayer Relief Act of 2012, 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, 2013.
Elimination of charitable deduction for easements on golf courses
In general
Section 170(h) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:
Exception for easements for golf courses
For purposes of this section, the term qualified conservation contribution shall not include any contribution of an easement for use on, or intended for use on, a golf course.
.
Effective date
The amendment made by this section shall apply to contributions made after the date of the enactment of this Act.