Article Title

New Law Governs Stock Donations

Authors

Keywords

Foundation for Ancient Research and Mormon Studies funding, business act, tax deduction

Abstract

The new "Business Act" has created a new opportunity for persons looking for tax deduction opportunities. Donors have until 31 May 1997 to take advantage of an expanded tax deduction (based on market value rather than cost) for contributions of publicly held stock to private foundations like FARMS. There are limits, of course. Consult a competent professional for more information and for answers to specific questions.

Recommended Citation

(1996) "New Law Governs Stock Donations," Insights: The Newsletter of the Neal A. Maxwell Institute for Religious Scholarship: Vol. 16: No. 6, Article 11.
Available at: https://scholarsarchive.byu.edu/insights/vol16/iss6/11