[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2636 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2636

  To amend the Internal Revenue Code of 1986 to encourage charitable 
  contributions of real property for conservation purposes by Native 
                             Corporations.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 22, 2014

  Mr. Begich (for himself and Ms. Murkowski) 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 encourage charitable 
  contributions of real property for conservation purposes by Native 
                             Corporations.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Alaska Native Conservation Parity 
Act of 2014''.

SEC. 2. ENCOURAGEMENT OF CONTRIBUTIONS OF CAPITAL GAIN REAL PROPERTY 
              MADE FOR CONSERVATION PURPOSES BY NATIVE CORPORATIONS.

    (a) In General.--Paragraph (2) of section 170(b) of the Internal 
Revenue Code of 1986 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.''.
    (b) Conforming Amendment.--Section 170(b)(2)(A) of such Code is 
amended by striking ``subparagraph (B) applies'' and inserting 
``subparagraphs (B) or (C) apply''.
    (c) Effective Date.--The amendments made by this section shall 
apply to contributions made in taxable years beginning after December 
31, 2013.
    (d) 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.
                                 <all>