Provides gross income tax deduction for amounts paid to taxpayers for sale of certain real property interests for conservation purposes.

Summary

The bill lets a taxpayer deduct the capital gain earned when selling an interest in real property to a qualified conservation organization, whether the sale is at full market price or at a bargain price. The deduction equals the federal‑determined capital gain, and for bargain sales the taxpayer must split the property’s basis between the sale and the donated portion. It aims to encourage land preservation by reducing the tax burden on sellers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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