810 
(A) by striking ‘‘$5,000,’’ and inserting 
‘‘$10,000,’’, and 
(B) by striking ‘‘$10,000.’’ and inserting 
‘‘$20,000.’’. 
(e) TAXES ON TAXABLE EXPENDITURES.— 
(1) IN GENERAL.—Section 4945(a) (relating to 
initial taxes) is amended— 
(A) in paragraph (1), by striking ‘‘10 per-
cent’’ and inserting ‘‘20 percent’’, and 
(B) in paragraph (2), by striking ‘‘21⁄2 
percent’’ and inserting ‘‘5 percent’’. 
(2) INCREASED LIMITATION FOR MANAGERS.— 
Section 4945(c)(2) is amended— 
(A) by striking ‘‘$5,000,’’ and inserting 
‘‘$10,000,’’, and 
(B) by striking ‘‘$10,000.’’ and inserting 
‘‘$20,000.’’. 
(f) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of the enactment of this Act. 
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ccoleman on PROD1PC71 with BILLS
811 
SEC. 1213. REFORM OF CHARITABLE CONTRIBUTIONS OF 
CERTAIN EASEMENTS IN REGISTERED HIS-
TORIC DISTRICTS AND REDUCED DEDUCTION 
FOR PORTION OF QUALIFIED CONSERVATION 
CONTRIBUTION ATTRIBUTABLE TO REHA-
BILITATION CREDIT. 
(a) SPECIAL RULES WITH RESPECT TO BUILDINGS 
IN REGISTERED HISTORIC DISTRICTS.— 
(1) IN
GENERAL.—Paragraph (4) of section 
170(h) (relating to definition of conservation pur-
pose) is amended by redesignating subparagraph (B) 
as subparagraph (C) and by inserting after subpara-
graph (A) the following new subparagraph: 
‘‘(B) SPECIAL RULES WITH RESPECT TO 
BUILDINGS
IN
REGISTERED
HISTORIC
DIS-
TRICTS.—In the case of any contribution of a 
qualified real property interest which is a re-
striction with respect to the exterior of a build-
ing described in subparagraph (C)(ii), such con-
tribution shall not be considered to be exclu-
sively for conservation purposes unless— 
‘‘(i) such interest— 
‘‘(I) includes a restriction which 
preserves the entire exterior of the 
building (including the front, sides, 
rear, and height of the building), and 
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ccoleman on PROD1PC71 with BILLS
812 
‘‘(II) prohibits any change in the 
exterior of the building which is incon-
sistent with the historical character of 
such exterior, 
‘‘(ii) the donor and donee enter into a 
written agreement certifying, under pen-
alty of perjury, that the donee— 
‘‘(I) is a qualified organization 
(as defined in paragraph (3)) with a 
purpose of environmental protection, 
land conservation, open space preser-
vation, or historic preservation, and 
‘‘(II) has the resources to man-
age and enforce the restriction and a 
commitment to do so, and 
‘‘(iii) in the case of any contribution 
made in a taxable year beginning after the 
date of the enactment of this subpara-
graph, the taxpayer includes with the tax-
payer’s return for the taxable year of the 
contribution— 
‘‘(I) a qualified appraisal (within 
the meaning of subsection (f)(11)(E)) 
of the qualified property interest, 
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ccoleman on PROD1PC71 with BILLS
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‘‘(II) photographs of the entire 
exterior of the building, and 
‘‘(III) a description of all restric-
tions on the development of the build-
ing.’’. 
(b) DISALLOWANCE
OF DEDUCTION
FOR STRUC-
TURES
AND
LAND
IN
REGISTERED
HISTORIC
DIS-
TRICTS.—Subparagraph (C) of section 170(h)(4), as re-
designated by subsection (a), is amended— 
(1) by striking ‘‘any building, structure, or land 
area which’’, 
(2) by inserting ‘‘any building, structure, or 
land area which’’ before ‘‘is listed’’ in clause (i), and 
(3) by inserting ‘‘any building which’’ before ‘‘is 
located’’ in clause (ii). 
(c) FILING FEE FOR CERTAIN CONTRIBUTIONS.— 
Subsection (f) of section 170 (relating to disallowance of 
deduction in certain cases and special rules) is amended 
by adding at the end the following new paragraph: 
‘‘(13) CONTRIBUTIONS OF CERTAIN INTERESTS 
IN BUILDINGS LOCATED IN REGISTERED HISTORIC 
DISTRICTS.— 
‘‘(A) IN GENERAL.—No deduction shall be 
allowed with respect to any contribution de-
scribed in subparagraph (B) unless the tax-
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ccoleman on PROD1PC71 with BILLS
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payer includes with the return for the taxable 
year of the contribution a $500 filing fee. 
‘‘(B) CONTRIBUTION DESCRIBED.—A con-
tribution is described in this subparagraph if 
such contribution is a qualified conservation 
contribution (as defined in subsection (h)) 
which is a restriction with respect to the exte-
rior of a building described in subsection 
(h)(4)(C)(ii) and for which a deduction is 
claimed in excess of $10,000. 
‘‘(C) DEDICATION OF FEE.—Any fee col-
lected under this paragraph shall be used for 
the enforcement of the provisions of subsection 
(h).’’. 
(d) REDUCED DEDUCTION FOR PORTION OF QUALI-
FIED CONSERVATION CONTRIBUTION ATTRIBUTABLE TO 
THE REHABILITATION CREDIT.—Subsection (f) of section 
170, as amended by subsection (c), is amended by adding 
at the end the following new paragraph: 
‘‘(14) REDUCTION
FOR
AMOUNTS
ATTRIB-
UTABLE TO REHABILITATION CREDIT.—In the case 
of any qualified conservation contribution (as de-
fined in subsection (h)), the amount of the deduction 
allowed under this section shall be reduced by an 
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