S. 287 · 108th Congress
Artist-Museum Partnership Act
- Stage
- In committee
- Sponsor
- Patrick Leahy
- Introduced
- 2003-02-04
- Latest action
- 2003-04-09 · Sponsor introductory remarks on measure.
Summary
Artist-Museum Partnership Act - Amends the Internal Revenue Code to provide a fair market value (determined at time of contribution) deduction for charitable contributions of literary, musical, artistic, scholarly compositions, or the copyright created by a qualifying donor. Exempts certain non-personal letters and memoranda from such treatment.Limits such increased deduction to the donor's artistic adjusted income (as defined by this Act).