Complete America’s Great Trails Act

Section 2 adding Section 30E(a) to the Internal Revenue Code: Allows taxpayers a credit against their income tax equal to the fair market value of any National Scenic Trail conservation contribution, which financially benefits individuals who make these contributions.

Section 2 adding Section 30E(b)(3)(B)(ii) to the Internal Revenue Code: Allows a taxpayer who owns a residence or structure located less than 50 feet from a trail to determine the appropriate distance for the trail corridor on that side, protecting the owner's proximity to their home or structure.

Section 2 adding Section 30E(e) to the Internal Revenue Code: Allows taxpayers to carry forward any unused tax credit to succeeding taxable years for up to ten years, ensuring they do not immediately lose the benefit if the credit exceeds their tax limitations.

Section 2 Subsection (b): States that a contribution of an interest in real property will not fail to be treated as a conservation contribution solely because the property continues to be used for recreational or agricultural use (including related motor vehicle use), provided the use does not impair significant conservation interests.

Section 2 adding Section 30E(c)(2) to the Internal Revenue Code: States that an election to take the tax credit may not be revoked, locking the taxpayer into their decision permanently.

Section 2 adding Section 30E(c)(3) to the Internal Revenue Code: Denies taxpayers a tax deduction under the chapter for any qualified conservation contribution where this specific tax credit election is made, preventing taxpayers from claiming both benefits.