A bill to modify the restrictions contained in section 170(e) of the Internal Revenue Code in the case of certain contributions of literary, musical, or artistic, composition, or similar property.

Summary

Provides, under the Internal Revenue Code, that in the case of a deduction as a charitable contribution by an individual any literary, musical, or artistic composition, or similar property, which was created by the personal efforts of the taxpayer shall not be reduced by the amount of appreciation of such property, and the whole amount of such a charitable contribution shall be taken into account and shall be treated as if the property contributed had been sold at its fair market value. (Amends 26 U.S.C. 170(e))

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 January 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 15 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 January 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 15 January 1973

  Open at official source

Sponsors

• Rep. Reid, Ogden R. [D-NY-24] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to modify the restrictions contained in section 170(e) of the Internal Revenue Code in the case of certain contributions of literary, musical, or artistic composition, or similar property.