A bill to modify the restrictions contained in section 170(e) of the Internal Revenue Code in the case of certain contributions of literary, musical, or artistic composition, or similar property.

[AI summary unavailable — showing source text] Revises the Internal Revenue Code to provide that the allowable dollar amount of the tax deduction taken for a charitable contribution which is of a musical, artistic, or similar nature shall be the fair market value of such property at the time of contribution.…