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Museum Gift Tax Proposal: Two senators will introduce a bill to make permanent a one-year restoration of federal income tax deductibility for the full value of art objects donated to museums--a key legislative goal of the arts community for 1991. Sens. John Danforth (R-Ore.) and David Boren (D-Okla.) introduced the measure last week. Changes in the federal tax code enacted in 1986 knocked out the ability of people who gave art objects to deduct the market value of their donations from their taxable incomes--a sum often several times what the donors paid for the objects and a key inducement to making such donations to museums and other arts institutions.
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