Summary: H.R.806 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.806. Bill summaries are authored by CRS.

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Introduced in House (02/13/2003)

Artists' Contribution to American Heritage Act of 2003 - 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 memoranda from such treatment.

Limits such increased deduction to the donor's artistic adjusted income (as defined by this Act).