CHARITABLE DEDUCTION FOR CONTRIBUTIONS OF BOOK INVENTORIES TO PUBLIC SCHOOLS.

SEC. 306. CHARITABLE DEDUCTION FOR CONTRIBUTIONS OF BOOK INVENTORIES TO PUBLIC SCHOOLS.(a) In General.—Paragraph (3) of section 170(e) of the Internal Revenue Code of 1986 (relating to certain contributions of ordinary income and capital gain property), as amended by section 305, is amended by redesignating subparagraph (D) as subparagraph (E) and by inserting after subparagraph (C) the following new subparagraph:“(D) Special rule for contributions of book inventory to public schools.—“(i) Contributions of book inventory.—In determining whether a qualified book contribution is a qualified contribution, subparagraph (A) shall be applied without regard to whether the donee is an organization119 STAT. 2026 described in the matter preceding clause (i) of subparagraph (A).“(ii) Qualified book contribution.—For purposes of this paragraph, the term ‘qualified book contribution’ means a charitable contribution of books to a public school which is an educational organization described in subsection (b)(1)(A)(ii) and which provides elementary education or secondary education (kindergarten through grade 12).“(iii) Certification by donee.—Subparagraph (A) shall not apply to any contribution unless (in addition to the certifications required by subparagraph (A) (as modified by this subparagraph)), the donee certifies in writing that—“(I) the books are suitable, in terms of currency, content, and quantity, for use in the donee’s educational programs, and“(II) the donee will use the books in its educational programs.“(iv) Termination.—This subparagraph shall not apply to contributions made after December 31, 2005.”.(b) Effective Date.—The amendments made by this section shall apply to contributions made on or after August 28, 2005, in taxable years ending after such date.