Section 1 reenacts GS 105-151.12 (individual tax credit for real property donation) and recodifies the statute as GS 105-153.11. Amends subsection a of the reenacted and recodified statute to delete the previous descriptions of property use for which the tax credit was eligible and instead authorizes the credit for the following property uses: farmland conservation; buffering military installations and training areas; floodplain protection; or improving public access to public land, water, trails, or beaches.  Deletes subsection (e) to remove obsolete dates.  Adds new subsection (g) to prohibit taking a credit under this statute as a charitable contribution under GS 105-153.5.

Section 2 reenacts GS 105-130.34 (corporate tax credit for real property donation) and makes changes to that statute identical to those made to GS 105-153.11 in Section 1 of the bill.

Effective for tax years beginning January 1, 2017.