H.R. 10510

CERI Act of 2026

Sponsor: Jack Bergman · 0 cosponsors

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Sec. 3. Allocation of extinguishment proceeds in cases of post-donation improvement not treated as disqualified

(a) In general. Section 170(h)(5)(A) of the Internal Revenue Code of 1986 is amended to read as follows:

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(A) Conservation purpose must be protected

(i) In general. A contribution shall not be treated as exclusively for conservation purposes unless the conservation purpose is protected in perpetuity.

(ii) Treatment of extinguishment proceeds. A conservation purpose shall not fail to be treated as being protected in perpetuity for purposes of clause (i) merely because of any provision of an agreement relating to the treatment of post-donation improvements for purposes of the calculation of extinguishment proceeds with respect to such easement.

(b) Effective date. The amendment made by this section shall apply to transactions entered into after December 31, 2009.