What does Preamble of Historic Preservation and Land Conservation Certainty Act do?

This bill, formally titled 'To provide an election to resolve certain open partnership controversies involving donations of conservation easements,' aims to resolve partnership disputes related to conservation easement donations.

What does SHORT TITLE. of Historic Preservation and Land Conservation Certainty Act do?

This bill is formally titled the Historic Preservation and Land Conservation Certainty Act.

What does ELECTION TO RESOLVE CERTAIN OPEN PARTNERSHIP CONTROVERSIES of Historic Preservation and Land Conservation Certainty Act do?

This section outlines procedures for partnerships to elect to resolve certain open controversies related to donations of conservation easements. The election applies to eligible contributions made on or before December 31, 2024, with open matters as of the election statement filing date. Partnerships must file an election statement within 180 days of the Act's enactment and remit a payment. The Secretary can examine the election for computational accuracy, but not for substantive issues. If a computational discrepancy is found, the partnership can request administrative review or judicial review. The election remains in effect during administrative or judicial proceedings, and can be voided if the additional amount is not paid and the determination is not contested.

What does CONTRIBUTING-BUILDING STANDARD FOR CERTAIN QUALIFIED of Historic Preservation and Land Conservation Certainty Act do?

This section amends sections 170(h)(4)(C) and 47(c)(3)(A) of the Internal Revenue Code. The amendments replace the requirement of certification by the Secretary of the Interior regarding historic significance with a standard of being a 'contributing building'. A 'contributing building' is defined as one identified as contributing in National Register documentation or certified by the Secretary of the Interior as contributing to the historic significance of the district. The amendments to section 47(c)(3)(B)(ii)(I) replace the term 'buildings of historic significance to the district' with 'contributing buildings in the district'. The amendments made to section 170(h)(4)(C) apply to contributions made in taxable years ending before, on, or after the date of enactment, subject to certain limitations regarding assessment periods, claims for credit/refund, carried deductions, and pending proceedings. The conforming amendments to sections 47(c)(3)(A) and 47(c)(3)(B)(ii)(I) apply to taxable years beginning after the date of enactment. The bill states that no inference shall be drawn with respect to any taxable year or proceeding closed by operation of law.

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Historic Preservation and Land Conservation Certainty Act

Last updated: 6/23/2026 · Introduced: 6/23/2026

Author: Mike Carey (R-OH)

TL;DR (AI)

This bill establishes a process for partnerships to resolve disputes related to conservation easement donations made before January 1, 2025, by filing an election statement and making a payment.
The bill modifies the Internal Revenue Code to allow conservation easements to qualify based on being a 'contributing building' within a historic district, rather than requiring certification of historic significance by the Secretary of the Interior.
Amendments to the Internal Revenue Code apply to specific taxable years, with different effective dates for contributions and building classifications.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

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