TWO-YEAR EXTENSION OF SPECIAL RULE ENCOURAGING CONTRIBUTIONS OF CAPITAL GAIN REAL PROPERTY FOR CONSERVATION PURPOSES.

SEC. 15302. TWO-YEAR EXTENSION OF SPECIAL RULE ENCOURAGING CONTRIBUTIONS OF CAPITAL GAIN REAL PROPERTY FOR CONSERVATION PURPOSES.(a) In General.—(1) Individuals.—Section 170(b)(1)(E)(vi) (relating to termination) is amended by striking “December 31, 2007” and inserting “December 31, 2009”.(2) Corporations.—Section 170(b)(2)(B)(iii) (relating to termination) is amended by striking “December 31, 2007” and inserting “December 31, 2009”.(b) Effective Date.—The amendments made by this section shall apply to contributions made in taxable years beginning after December 31, 2007.