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The Historic Preservation and Land Conservation Certainty Act provides a mechanism for partnerships that have claimed tax deductions for donations of conservation easements to resolve ongoing tax controversies. Specifically, it allows these partnerships to make a one-time election within a 360-day period to settle disputes related to deductions claimed on partnership returns for contributions made on or before December 31, 2025. The election limits the deductible amount to a calculated settlement limitation based on capital contributions and requires payment of a settlement amount that includes tax and penalties. By making this election, the partnership and its partners waive the right to contest the deduction amount or related tax issues, effectively closing the matter with the IRS. The bill also addresses how to handle partnerships grouped by common marketing organizers and provides procedures for partners who do not contribute their share of the settlement amount. Additionally, the bill amends existing tax code provisions to clarify the definition of "contributing buildings" in historic districts, aligning tax treatment with official historic designations by the Secretary of the Interior. This clarification affects deductions and credits related to historic preservation. The act aims to provide certainty and finality for taxpayers and the IRS regarding conservation easement deductions, potentially reducing prolonged litigation and administrative costs. However, it requires partnerships to pay settlement amounts upfront and waive dispute rights, which could be a concern for some taxpayers. The clarifications on historic building standards may also impact how certain properties qualify for tax benefits.