Complete America’s Great Trails Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4700 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4700 To amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified conservation contributions which include National Scenic Trails. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 8, 2026 Mr. Blumenthal (for himself, Mr. Murphy, Ms. Warren, and Mr. Van Hollen) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified conservation contributions which include National Scenic Trails. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Complete America's Great Trails Act''. SEC. 2. NATIONAL SCENIC TRAIL CONSERVATION CREDIT. (a) In General.--Subpart B of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ``SEC. 30E. NATIONAL SCENIC TRAIL CONSERVATION CREDIT. ``(a) Allowance of Credit.--There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the fair market value of any National Scenic Trail conservation contribution of the taxpayer for the taxable year. ``(b) National Scenic Trail Conservation Contribution.--For purposes of this section-- ``(1) In general.--The term `National Scenic Trail conservation contribution' means any qualified conservation contribution-- ``(A) to the extent the qualified real property interest with respect to such contribution includes a National Scenic Trail (or portion thereof) and its trail corridor, and ``(B) with respect to which the taxpayer