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HR 3837 108th Congress House 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

To amend the Internal Revenue Code of 1986 to limit the deduction for charitable contributions of patents and similar property.

Introduced: February 25, 2004 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2004
Referred to the House Committee on Ways and Means.
Feb 25, 2004
Sponsor introductory remarks on measure. (CR E232)
Feb 25, 2004
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now February 25, 2004

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1