A bill to amend the Internal Revenue Code of 1954 to provide an income tax deduction for individuals for purchases of contemporary American art.

Summary

Revises the Internal Revenue Code to allow as a deduction from gross income an amount not to exceed $10,000 paid by an individual during the taxable year for qualified purchases of contemporary American art.

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

Timeline

1. 27 February 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 27 February 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 February 1975

   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 · 27 February 1975

  Open at official source

Sponsors

• Rep. Rees, Thomas M. [D-CA-23] · D · Sponsor
• · hswm00 · Standing

Related records

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