A bill to amend the Internal Revenue Code of 1954 to increase the amount allowable as a deduction for charitable contributions of certain items created by the taxpayer.

Summary

Amends the Internal Revenue Code to provide that the income tax deduction for charitable contributions of copyrighted, literary, musical, or artistic compositions, a letter, a memorandum, or similar property created by the taxpayer shall not be reduced by a percentage of the long-term appreciation, as currently required for other types of tangible personal property. Excludes any letter, memorandum, or similar property created by a government officer or employee acting in an official capacity from the category of artistic or literary creation for the purposes of this Act.

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Documents

1 official file

• Introduced in House

  summary · EN · 2 October 1980

  Open at official source

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