Home > 106th Congressional Bills > H.R. 807 (eh) To amend title 5, United States Code, to provide portability of service credit for persons who leave employment with the Federal Reserve Board to take positions with other Government agencies, and for other purposes. [Engrossed in House] %%F...

H.R. 807 (eh) To amend title 5, United States Code, to provide portability of service credit for persons who leave employment with the Federal Reserve Board to take positions with other Government agencies, and for other purposes. [Engrossed in House] %%F...


Google
 
Web GovRecords.org








108th CONGRESS
  1st Session
                                H. R. 806

To amend the Internal Revenue Code of 1986 to provide that a deduction 
      equal to fair market value shall be allowed for charitable 
contributions of literary, musical, artistic, or scholarly compositions 
                         created by the donor.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 13, 2003

  Mr. Houghton (for himself, Mr. Cardin, Mr. Udall of New Mexico, Mr. 
 Filner, Ms. Slaughter, Ms. Eshoo, Mr. McKeon, Mr. Payne, Ms. Woolsey, 
Mrs. Johnson of Connecticut, Mr. Matsui, Mr. McDermott, Mr. Ballenger, 
   Mr. Foley, Mr. English, Mrs. Lowey, Mr. Nadler, Mr. Hinchey, Mr. 
Doggett, Mr. Frost, Mr. McHugh, Mr. Waxman, Mr. Platts, Mr. Baird, Mr. 
 Weldon of Pennsylvania, Mr. McIntyre, and Mr. Lantos) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to provide that a deduction 
      equal to fair market value shall be allowed for charitable 
contributions of literary, musical, artistic, or scholarly compositions 
                         created by the donor.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Artists' Contribution to American 
Heritage Act of 2003''.

SEC. 2. CHARITABLE CONTRIBUTIONS OF CERTAIN ITEMS CREATED BY THE 
              TAXPAYER.

    (a) In General.--Subsection (e) of section 170 of the Internal 
Revenue Code of 1986 (relating to certain contributions of ordinary 
income and capital gain property) is amended by adding at the end the 
following new paragraph:
            ``(7) Special rule for certain contributions of literary, 
        musical, or artistic compositions.--
                    ``(A) In general.--In the case of a qualified 
                artistic charitable contribution--
                            ``(i) the amount of such contribution shall 
                        be the fair market value of the property 
                        contributed (determined at the time of such 
                        contribution), and
                            ``(ii) no reduction in the amount of such 
                        contribution shall be made under paragraph (1).
                    ``(B) Qualified artistic charitable contribution.--
                For purposes of this paragraph, the term `qualified 
                artistic charitable contribution' means a charitable 
                contribution of any literary, musical, artistic, or 
                scholarly composition, or similar property, or the 
                copyright thereon (or both), but only if--
                            ``(i) such property was created by the 
                        personal efforts of the taxpayer making such 
                        contribution no less than 18 months prior to 
                        such contribution,
                            ``(ii) the taxpayer--
                                    ``(I) has received a qualified 
                                appraisal of the fair market value of 
                                such property in accordance with the 
                                regulations under this section, and
                                    ``(II) attaches to the taxpayer's 
                                income tax return for the taxable year 
                                in which such contribution was made a 
                                copy of such appraisal,
                            ``(iii) the donee is an organization 
                        described in subsection (b)(1)(A),
                            ``(iv) the use of such property by the 
                        donee is related to the purpose or function 
                        constituting the basis for the donee's 
                        exemption under section 501 (or, in the case of 
                        a governmental unit, to any purpose or function 
                        described under subsection (c)),
                            ``(v) the taxpayer receives from the donee 
                        a written statement representing that the 
                        donee's use of the property will be in 
                        accordance with the provisions of clause (iv), 
                        and
                            ``(vi) the written appraisal referred to in 
                        clause (ii) includes evidence of the extent (if 
                        any) to which property created by the personal 
                        efforts of the taxpayer and of the same type as 
                        the donated property is or has been--
                                    ``(I) owned, maintained, and 
                                displayed by organizations described in 
                                subsection (b)(1)(A), and
                                    ``(II) sold to or exchanged by 
                                persons other than the taxpayer, donee, 
                                or any related person (as defined in 
                                section 465(b)(3)(C)).
                    ``(C) Maximum dollar limitation; no carryover of 
                increased deduction.--The increase in the deduction 
                under this section by reason of this paragraph for any 
                taxable year--
                            ``(i) shall not exceed the artistic 
                        adjusted gross income of the taxpayer for such 
                        taxable year, and
                            ``(ii) shall not be taken into account in 
                        determining the amount which may be carried 
                        from such taxable year under subsection (d).
                    ``(D) Artistic adjusted gross income.--For purposes 
                of this paragraph, the term `artistic adjusted gross 
                income' means that portion of the adjusted gross income 
                of the taxpayer for the taxable year attributable to--
                            ``(i) income from the sale or use of 
                        property created by the personal efforts of the 
                        taxpayer which is of the same type as the 
                        donated property, and
                            ``(ii) income from teaching, lecturing, 
                        performing, or similar activity with respect to 
                        property described in clause (i).
                    ``(E) Paragraph not to apply to certain 
                contributions.--Subparagraph (A) shall not apply to any 
                charitable contribution of any letter, memorandum, or 
                similar property which was written, prepared, or 
                produced by or for an individual while the individual 
                is an officer or employee of any person (including any 
                government agency or instrumentality) unless such 
                letter, memorandum, or similar property is entirely 
                personal.
                    ``(F) Copyright treated as separate property for 
                partial interest rule.--In the case of a qualified 
                artistic charitable contribution, the tangible 
                literary, musical, artistic, or scholarly composition, 
                or similar property and the copyright on such work 
                shall be treated as separate properties for purposes of 
                this paragraph and subsection (f)(3).''.
    (b) Effective Date.--The amendment made by this section shall apply 
to contributions made after the date of the enactment of this Act in 
taxable years ending after such date.
                                 <all>

Pages: 1

Other Popular 106th Congressional Bills Documents:

1 H.Res. 493 (ih) Expressing the sense of the House of Representatives that a commemorative postage stamp should be issued honoring the Fisk Jubilee Singers, and that the Citizens' Stamp Advisory Committee should recommend to the Postmaster General that suc...
2 H.Res. 478 (ih) Providing for consideration of the bill (H.R. 773) to amend the Older Americans Act of 1965 to extend the authorizations of appropriations for that Act, and to make technical corrections. [Introduced in House] ...
3 H.J.Res. 76 (enr) Waiving certain enrollment requirements for the remainder of the first session of the One Hundred Sixth Congress with respect to any bill or joint resolution making general appropriations or continuing appropriations for fiscal year 2000...
4 H.J.Res. 8 (ih) Proposing an amendment to the Constitution of the United States to permit the Congress to limit contributions and expenditures in elections for Federal office. [Introduced in House] ...
5 H.R. 999 (rh) To amend the Federal Water Pollution Control Act to improve the quality of coastal recreation waters, and for other purposes. [Reported in House] ...
6 H.Res. 569 (ath) Designating majority membership on certain standing committees of the House. [Agreed to House] ...
7 H.R. 4437 (rh) To grant to the United States Postal Service the authority to issue semipostals, and for other purposes. [Reported in House] ...
8 H.R. 3313 (eh) To amend section 119 of the Federal Water Pollution Control Act to reauthorize the program for Long Island Sound, and for other purposes. [Engrossed in House] ...
9 H.Con.Res. 89 (ih) Recognizing the Hermann Monument and Hermann Heights Park in New Ulm, Minnesota, as a national symbol of the contributions of Americans of German heritage. [Introduced in House] ...
10 H.Con.Res. 279 (rh) Authorizing the use of the Capitol Grounds for the 200th birthday celebration of the Library of Congress. [Reported in House] ...
11 H.Con.Res. 127 (enr) [Enrolled bill] ...
12 H.Res. 189 (rh) Providing for consideration of the bill (H.R. 150) to amend the Act [Reported in House] ...
13 S. 2752 (pcs) To amend the North Korea Threat Reduction Act of 1999 to enhance [Placed on Calendar Senate] ...
14 H.R. 5273 (ih) To clarify the intention of the Congress with regard to the authority of the United States Mint to produce numismatic coins, and for other purposes. [Introduced in House] ...
15 H.R. 748 (eh) To amend the Act that established the Keweenaw National Historical Park to require the Secretary of the Interior to consider nominees of various local interests in appointing members of the Keweenaw National Historical Park Advisory Commissi...
16 H.Res. 409 (ih) Honoring the contributions of Catholic schools. [Introduced in House] ...
17 H.R. 150 (rfs) To authorize the Secretary of Agriculture to convey National Forest System lands for use for educational purposes, and for other purposes. [Referred in Senate] ...
18 H.J.Res. 122 (enr) Making further continuing appropriations for the fiscal year 2001, and for other purposes. [Enrolled bill] ...
19 H.J.Res. 121 (ih) Making further continuing appropriations for the fiscal year 2001, and for other purposes. [Introduced in House] ...
20 H.R. 5235 (ih) To ensure the timely availability of generic drugs through enhancement of drug approval and antitrust laws enforced by the Food and Drug Administration and the Federal Trade Commission regarding brand name drugs and generic drugs. [Introduc...
21 H.R. 4147 (eh) To amend title 18, United States Code, to increase the age of persons considered to be minors for the purposes of the prohibition on transporting obscene materials to minors. [Engrossed in House] ...
22 S.Res. 145 (rs) Authorizing expenditures by the Committee on Commerce, Science, and Transportation. [Reported in Senate] ...
23 S. 1005 (is) To amend title 23, United States Code, to provide for national minimum sentences for individuals convicted of operating motor vehicles under the influence of alcohol. [Introduced in Senate] ...
24 S. 1778 (rfh) To provide for equal exchanges of land around the Cascade Reservoir. [Referred in House] ...
25 H.R. 5522 (ih) To prohibit United States assistance for the Palestinian Authority and for programs, projects, and activities in the West Bank and Gaza. [Introduced in House] ...
26 H.R. 2488 (rh) To amend the Internal Revenue Code of 1986 to reduce individual income [Reported in House] ...
27 H.R. 984 (ih) To provide additional trade benefits to certain beneficiary countries in the Caribbean, to provide assistance to the countries in Central America and the Caribbean affected by Hurricane Mitch and Hurricane Georges, and for other purposes. [I...
28 S. 3282 (is) To authorize funding for University Nuclear Science and Engineering Programs at the Department of Energy for fiscal years 2002 through 2006. [Introduced in Senate] ...
29 H.R. 1824 (ih) To amend the Internal Revenue Code of 1986 to allow small business employers a credit against income tax for certain expenses for long- term training of employees in highly skilled small business trades. [Introduced in House] ...
30 H.Res. 321 (eh) [Engrossed in House] ...


Other Documents:

106th Congressional Bills Records and Documents

GovRecords.org presents information on various agencies of the United States Government. Even though all information is believed to be credible and accurate, no guarantees are made on the complete accuracy of our government records archive. Care should be taken to verify the information presented by responsible parties. Please see our reference page for congressional, presidential, and judicial branch contact information. GovRecords.org values visitor privacy. Please see the privacy page for more information.
House Rules:

104th House Rules
105th House Rules
106th House Rules

Congressional Bills:

104th Congressional Bills
105th Congressional Bills
106th Congressional Bills
107th Congressional Bills
108th Congressional Bills

Supreme Court Decisions

Supreme Court Decisions

Additional

1995 Privacy Act Documents
1997 Privacy Act Documents
1994 Unified Agenda
2004 Unified Agenda

Congressional Documents:

104th Congressional Documents
105th Congressional Documents
106th Congressional Documents
107th Congressional Documents
108th Congressional Documents

Congressional Directory:

105th Congressional Directory
106th Congressional Directory
107th Congressional Directory
108th Congressional Directory

Public Laws:

104th Congressional Public Laws
105th Congressional Public Laws
106th Congressional Public Laws
107th Congressional Public Laws
108th Congressional Public Laws

Presidential Records

1994 Presidential Documents
1995 Presidential Documents
1996 Presidential Documents
1997 Presidential Documents
1998 Presidential Documents
1999 Presidential Documents
2000 Presidential Documents
2001 Presidential Documents
2002 Presidential Documents
2003 Presidential Documents
2004 Presidential Documents

Home Executive Judicial Legislative Additional Reference About Privacy