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CASH Courier > 2005 Winter Issue

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The C.A.S.H. Courier

ARTICLE from the Winter 2005 Issue

Senate Debates Curbing Tax Breaks on Trophies

By Marc Kaufman
Washington Post Staff Writer
Thursday, November 17, 2005;

Big-game hunters will find it far more difficult and less lucrative to donate their extra trophy mounts and claim charitable tax deductions under new tax rules being debated this week on the Senate floor.

The loophole Grassley said he is seeking to close allows big-game hunters to deduct some or all of the cost of their safaris if they later donate to a museum some of the trophy animals they kill and have mounted.

The new rules would allow some donations, but would limit the amount of charitable contribution that could be deducted to the market value of the specimen, rather than the replacement value.

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