H.R.806 - Artists' Contribution to American Heritage Act of 2003108th Congress (2003-2004)
|Sponsor:||Rep. Houghton, Amo [R-NY-29] (Introduced 02/13/2003)|
|Committees:||House - Ways and Means|
|Latest Action:||02/13/2003 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.806 — 108th Congress (2003-2004)All Bill Information (Except Text)
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.
Introduced in House (02/13/2003)
Limits such increased deduction to the donor's artistic adjusted income (as defined by this Act).