{"data":{"id":"us-ky/krs-141.0201","jurisdiction":"us-ky","citation":"KRS 141.0201","heading":"Artistic charitable contributions deduction for individuals.","body":"(1) Notwithstanding any statutory provisions to the contrary, a deduction shall be\nallowed individuals against adjusted gross income in arriving at net income for\n\"qualified artistic charitable contributions\" in an amount equal to the fair market\nvalue of the property contributed as determined at the time of such contribution.\n(2) For purposes of this chapter, \"qualified artistic charitable contribution\" shall mean a\ncharitable contribution of any literary, musical, artistic or scholarly composition,\nany letter or memorandum, or similar property, but only if:\n(a) Such property was created by the personal efforts of the taxpayer no less than\none (1) year prior to such contribution;\n(b) The taxpayer has received a written appraisal of the fair market value of such\nproperty by a person qualified to make such an appraisal (other than the\ntaxpayer, donee, or any related person within the meaning of Section\n168(e)(4)(D) of the Internal Revenue Code), and the appraisal is made within\none (1) year of the date of such contribution;\n(c) The taxpayer attaches to his income tax return for the taxable year in which\nsuch contribution was made a copy of such appraisal;\n(d) The donee is an organization described in Section 170(b)(1)(A) of the Internal\nRevenue Code;\n(e) The use of  such property by the donee is related to the purpose or function\nconstituting the basis for the donee's exemption under Section 501 of the\nInternal Revenue Code, or in the case of a governmental unit, to a public\npurpose; and\n(f) The taxpayer receives from the donee a written statement representing that the\ndonee's use of the property will be in accordance with paragraph (e) of this\nsubsection.\n(3) The aggregate amount of qualified artistic charitable contributions allowable to any\ntaxpayer as a deduction under this section for any taxable year shall not exceed the\nartistic adjusted gross income of the taxpayer for such taxable year. For purposes of\nthis subsection, the term \"artistic adjusted gross income\" means that portion of the\nadjusted gross income of the taxpayer for the taxable year attributable to:\n(a) Income with respect to property described in subsection (2) of this section that\nis created by the taxpayer; and\n(b) Income from teaching, lecturing, performing or similar activity with respect to\nsuch property or to similar property created by individuals other than the\ntaxpayer.\n(4) The provisions of this section shall not apply in the case of any charitable\ncontribution of any letter, memorandum, or similar property which was written,\nprepared or produced by or for an individual while such individual was an officer or\nemployee of the United States or any state, or political subdivision thereof, if the\nwriting, preparation, or production of such property was related to, or arose out of\nthe performance of such individual's duties as such an officer or employee.\n(5) The provisions of this section shall be effective for tax years beginning on or after\nJanuary 1, 1987.","path":["KRS Chapter 141"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29035","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:33Z","sha256":"b2b408f6ba5122c49e040c69e2d5c82e1cb8307a8990536b2d73970abf433143","source_id":"us-ky","stale":false,"prev":"us-ky/krs-141.020","next":"us-ky/krs-141.0202"},"notice":"GroundRules: Original legal text. Not legal advice."}