November 1, 2007
Bill Would Loosen Rules for Gifts of Art
By Peter PanepentoMuseum leaders' efforts to persuade Congress to change a new law that limits tax deductions for donations of art might soon pay off.
Rep. Tom Udall, Democrat of New Mexico, and Rep. Phil English, Republican of Pennsylvania, have introduced a bill aimed at making it easier for donors to make partial gifts of art to charity. The bill also aims to satisfy regulators who believe many donors had been taking overly
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