A bill to amend the Internal Revenue Code of 1986 to remove certain limitations on charitable contributions of certain items.

Summary

Amends the Internal Revenue Code to set as the amount of a qualified artistic charitable contribution for income tax deduction purposes the fair market value of the property contributed (determined at the time of contribution). Defines "qualified artistic charitable contribution" as the contribution of certain literary, musical, artistic, or scholarly composition, letter or memorandum, or similar property. Disregards the deduction for qualified artistic charitable contributions when determining alternative tax itemized deductions.

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Timeline

1. 25 January 1989

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 25 January 1989

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 January 1989

  Open at official source

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Sponsors

• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Pell, Claiborne [D-RI] · D · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Kennedy, Edward M. [D-MA] · D · Sponsor
• Sen. Fowler, Wyche, Jr. [D-GA] · D · Cosponsor
• Sen. Boren, David L. [D-OK] · D · Cosponsor
• Sen. Simon, Paul [D-IL] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to remove certain limitations on charitable contributions of certain items.
• related to → To amend the Internal Revenue Code of 1986 to remove certain limitations on charitable contributions of certain items.