Bill > HR338

This bill aims to encourage Native Corporations, specifically those established under the Alaska Native Claims Settlement Act, to donate land for conservation purposes by offering them enhanced tax benefits. It amends the Internal Revenue Code to allow these corporations to claim a larger tax deduction for qualified conservation contributions, which are defined as donations of land that were originally conveyed under the Alaska Native Claims Settlement Act. Furthermore, if the value of these conservation donations exceeds the annual limit for tax deductions, the bill permits the unused portion of the deduction to be carried forward and applied for up to 15 years, providing a significant incentive for long-term conservation efforts.