To amend the Internal Revenue Code of 1986 to modify the rules for charitable contributions of fractional gifts.
Promotion of Artistic Giving Act of 2007 - Amends the Internal Revenue Code to: (1) extend the deadline for completing the charitable contribution of a gift; (2) provide for a valuation standard for gifts in excess of $1 million; and (3) repeal certain valuation rules for subsequent and fractional gifts.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E2163)
Referred to the House Committee on Ways and Means.
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