Detailed Analysis of the New Fractional Gifts Bill

As I predicted, Donn Zaretsky of the Art Law Blog has now posted a detailed and informative analysis of the Promotion of Artistic Giving Act, H.R. 3881, designed to correct the fractional gifts mess.
Donn likes what he sees:
It does appear that, if passed, it would live up to its name and bring the practice of fractional giving back from the dead.
“If passed”…that’s the big IF. For now, it’s been referred to the House Ways and Means Committee.