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.

1.

Short title

This Act may be cited as the Rural Heritage Conservation Extension Act of 2011.

2.

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 December 31, 2011.