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S 469 IS
110th CONGRESS
1st Session
S. 469
To amend the Internal Revenue Code of 1986 to make permanent the special rule for contributions of qualified conservation contributions.
IN THE SENATE OF THE UNITED STATES
January 31, 2007
Mr. BAUCUS (for himself and Mr. GRASSLEY) 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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SPECIAL RULE FOR CONTRIBUTIONS OF QUALIFIED CONSERVATION CONTRIBUTIONS MADE PERMANENT.
(a) In General-
(1) 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).
(2) CORPORATIONS- Subparagraph (B) of section 170(b)(2) of such Code (relating to qualified conservation contributions) is amended by striking clause (iii).
(b) Effective Date- The amendments made by this section shall apply to contributions made in taxable years beginning after the date of the enactment of this Act.
U.S. Congress - Text of S.469 as Introduced in Senate A bill to amend the Internal Revenue Code of 1986 to make permanent the special rule fo...
