3.0.0 2103 2023-01-15T10:03:17Z 2023-01-15T10:03:17Z Senate S S 2004-02-24 108 ssfi00 Finance Committee Senate Standing Referred to 2004-02-24T20:00:17Z To amend the Internal Revenue Code of 1986 to limit the deduction for charitable contributions of patents and similar property. 108 3837 HR 2004-02-25 Referred to the House Committee on Ways and Means. Identical bill CRS 2004-02-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2004-02-24 Introduced in Senate IntroReferral 10000 9 Library of Congress R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS N B000953 Sen. Brownback, Sam [R-KS] SAM BROWNBACK R KS 2004-02-24 True Taxation Charitable contributions Commerce Commercialization Computer software Copyright Income tax Intellectual property Patents Research centers Science, Technology, Communications Tax deductions Tax returns Trade secrets Trademarks Valuation Taxation 00 2004-02-24 Introduced in Senate 2004-03-31T16:02:19Z Amends the Internal Revenue Code to require a taxpayer seeking an income tax deduction for the charitable contribution of a patent, copyright, trademark, trade name, trade secret, know-how, software or similar technology property to: (1) contribute the entire right, title, and interest in such property to certain tax-exempt universities, teaching hospitals, or reseach institutions; and (2) require that any cash or cash equivalents donated with such property be used for patent prosecution or maintenance and for the scientific and commercial development of such patents or other technology property.

Requires the Secretary of the Treasury to prescribe regulations for the appraisal of such patents or other technology property and for the prevention of taxpayer abuse of charitable deductions for such property.

]]> A bill to amend the Internal Revenue Code of 1986 to limit the deduction for charitable contributions of patents and similar property. Display Title A bill to amend the Internal Revenue Code of 1986 to limit the deduction for charitable contributions of patents and similar property. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to limit the deduction for charitable contributions of patents and similar property. Introduced in Senate IS Introduced in Senate 2004-02-24T05:00:00Z 2004-02-24 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.