94 STAT. 3206
PUBLIC LAW 96-541—DEC. 17, 1980 "(B) INSTITUTION OF HIGHER EDUCATION.—The term 'institution of higher education' means an educational institution in any State which— "(i) admits as regular students only individuals having a certificate of graduation from a high school, or the recognized equivalent of such a certificate, "(ii) is legally authorized within such State to provide a program of education beyond high school, "(iii) provides an educational program for which it awards a bachelor's or higher degree, provides a program which is acceptable for full credit toward such a degree, or offers a program of training to prepare students for gainful employment in a recognized health profession, and "(iv) is a public or other nonprofit institution. "(3) SERVICE AS FEDERAL EMPLOYEE.—For purposes of this subsection, service in a health manpower shortage area shall be treated as service as a Federal employee.". (2) EFFECTIVE DATE.—The amendment made by paragraph (1) shall apply to taxable years beginning after December 31, 1980. (b) NATIONAL RESEARCH SERVICE AWARDS.—Paragraph (2) of sec-
26 USC 117 ^°^-
tion 161(b) of the Revenue Act of 1978 (relating to national research service awards) is amended by striking out "1980" and inserting in lieu thereof "1981". SEC. 6. REVISING AND MAKING PERMANENT RULES ALLOWING DEDUCTION FOR CONTRIBUTIONS FCR CONSERVATION PURPOSES.
26 USC 170.
(a) IN GENERAL.—Paragraph (3) of section 170(f) of the Internal Revenue Code of 1954 (relating to denial of deduction in case of certain contributions of partial interests in property) is amended by striking out subparagraphs (B) and (C) thereof and inserting in lieu thereof the following new subparagraph: "(B) EXCEPTIONS.—Subparagraph (A) shall not apply to— "(i) a contribution of a remainder interest in a personal residence or farm, "(ii) a contribution of an undivided portion of the taxpayer's entire interest in property, and "(iii) a qualified conservation contribution.". (b) QUALIFIED CONSERVATION CONTRIBUTION DEFINED.—Section 170
of such Code is amended by redesignating subsections (h) and (i) as subsections (i) and (j), respectively, and by inserting after subsection (g) the following new subsection: "(h) QUALIFIED CONSERVATION CONTRIBUTION.—
Supra.
"(1) IN GENERAL.—For purposes of subsection (f)(3)(B)(iii), the term 'qualified conservation contribution' means a contribution— "(A) of a qualified real property interest, "(B) to a qualified organization, "(C) exclusively for conservation purposes. "(2) QUALIFIED REAL PROPERTY INTEREST.—For purposes of this subsection, the term 'qualified real property interest' means any of the following interests in real property: "(A) the entire interest of the donor other than a qualified mineral interest, "(B) a remainder interest, and "(C) a restriction (granted in perpetuity) on the use which may be made of the real property.
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