A bill to encourage corporations to donate certain historical film to educational organizations by increasing the limit on the charitable contribution deduction of such corporations.

Summary

Amends the Internal Revenue Code to increase the limit on charitable contribution deductions for corporations that donate historical film to educational organizations. Increases the percentage limitation from 5 percent to 30 percent. Requires that the donor must have held such film for nine years and that the donor contribute their entire interest in such film.

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

Timeline

1. 29 April 1981

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 29 April 1981

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 April 1981

   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 · 29 April 1981

  Open at official source

Sponsors

• Rep. Holland, Kenneth L. [D-SC-5] · D · Sponsor
• Rep. Spence, Floyd [R-SC-2] · R · Sponsor
• Rep. Derrick, Butler C. [D-SC-3] · D · Sponsor
• Rep. Campbell, Carroll A., Jr. [R-SC-4] · R · Sponsor
• Rep. Hartnett, Thomas F. [R-SC-1] · R · Sponsor
• Rep. Napier, John L. [R-SC-6] · R · Sponsor
• Rep. Matsui, Robert T. [D-CA-5] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to encourage corporations to donate certain historical film to educational organizations by increasing the limit on the charitable contribution deduction of such corporations.