A bill to amend the Internal Revenue Code of 1954 to allow an estate tax credit for certain contributions of open space easements, and for other purposes.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a credit against the estate tax for the contribution of an easement to a governmental unit or a publicly supported tax-exempt charitable organization exclusively for the preservation of open space (including farmland and forest land). Increases from $500,000 to $750,000 the limitation on the maximum decrease in the value of property that maybe taken into consideration for the special valuation of farm and other property.…