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(iii) the preservation of open
space (including farmland and
forest land) where such
preservation is --
(I) for the scenic
enjoyment of the general
public, or
(II) pursuant to a
clearly delineated
Federal, State, or local
governmental conservation
policy,
and will yield a
significant public
benefit, or
(iv) the preservation of an
historically important land area or
a certified historic structure.
(B) Certified historic structure.--For
purposes of subparagraph (A)(iv), the term
“certified historic structure” means any
building, structure, or land area which --
(i) is listed in the National
Register, or
(ii) is located in a
registered historic district (as
defined in section 47(c)(3)(B)) and
is certified by the Secretary of
the Interior to the Secretary as
being of historic significance to
the district.
A building, structure, or land area satisfies the
preceding sentence if it satisfies such sentence either
at the time of the transfer or on the due date
(including extensions) for filing the transferor’s
return under this chapter for the taxable year in which
the transfer is made.
(5) Exclusively for conservation purposes.--For
purposes of this subsection--
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