A bill relating to the income tax treatment of charitable contributions of copyrights, artistic compositions, or a collection of papers.

[AI summary unavailable — showing source text] Provides that the income tax deduction for a charitable contribution of a copyright, a literary musical, or artistic composition, a letter of memorandum, or similar property by a taxpayer to a charitable organization as defined in the Internal Revenue Code shall be reduced by one-half of the amount computed under the Internal Revenue Code provisions relating to contributions of ordinary income and capital gain property. Requires such a taxpayer to receive from the donee of such property a written statement that the property represents material of historical or artistic significance and that the use by the donee will be related to the purpose constituting the basis for its exemption. Exempts from these provisions, letters and other papers collected by a public official during his term of office. (Amends 26 U.S.C. 170(e))…