Charitable contributions and qualified appraisals

(a) In general Section 170(f)(11)(A)(ii)(I) of the Internal Revenue Code of 1986 is amended by inserting actively traded digital assets, before and any qualified vehicle. (b) Contributions to private foundation Section 170(e)(5) of the Internal Revenue Code of 1986 is amended— (1) in the heading, by inserting or digital assets after stock, (2) in subparagraph (A), by inserting or qualified appreciated digital assets after qualified appreciated stock, and (3) by adding at the end the following new subparagraph: (D) Qualified appreciated digital asset (i) In general For purposes of this paragraph, the term qualified appreciated digital asset means a digital asset— (I) which is actively traded, and (II) which is capital gain property (as defined in subsection (b)(1)(C)(iv)). (ii) Regulations and guidance The Secretary may prescribe such regulations or other guidance as may be necessary to carry out the purposes of this subparagraph. (iii) Termination The term qualified appreciated digital asset shall not apply to any contribution made in taxable years beginning after December 31, 2035.. (c) Effective date The amendments made by this section shall apply to contributions made in taxable years beginning after the date of enactment of this Act.