H.R.1598 - Artists' Contribution to American Heritage Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Houghton, Amo [R-NY-31] (Introduced 04/26/2001)|
|Committees:||House - Ways and Means|
|Latest Action:||04/26/2001 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1598 — 107th Congress (2001-2002)All Bill Information (Except Text)
Artists' Contribution to American Heritage Act of 2001 - Amends the Internal Revenue Code to provide a fair market value (determined at time of contribution) deduction for charitable contributions of literary, musical, artistic, scholarly compositions, or the copyright created by a qualifying donor. Exempts certain non-personal letters and memorandum from such treatment.
Introduced in House (04/26/2001)
Limits such increased deduction to the donor's artistic adjusted income (as defined by this Act).