Cultural Heritage Preservation Act Article 101

Donated or sponsored funds for restoration, reuse, management or conservation of monuments, historic buildings, commemorative buildings, buildings within monument preservation zones, archaeological sites, groups of buildings, historic sites, cultural landscapes, or antiquities may be catalogued as itemized deductions or expenses in full in the tax return for the then current year in accordance with Item 2, Subparagraph 2, Paragraph 1 of Article 17, or Subparagraph 1 of Article 36 of the Income Tax Act, and there is no restriction on the deductible amounts of such donated or sponsored funds.The donated and sponsored funds as referred to in the preceding paragraph shall be delivered to the competent authorities, the National Culture and Art Foundation, or the culture foundations of the municipal, county or city governments for use in restoration, reuse, management and conservation under the preceding paragraph in collaboration with the relevant agencies and institutions. The donated and sponsored funds shall not be used for any purpose other than those designated by the donors or sponsors.