HR 3999 · 94th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide an income tax deduction for individuals for purchases of contemporary American art.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1975-02-27)
Plain Language Summary
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Revises the Internal Revenue Code to allow as a deduction from gross income an amount not to exceed $10,000 paid by an individual during the taxable year for qualified purchases of contemporary American art.…
Summarized by Claude AI · Non-partisan · For informational purposes only