Law of Patronage

Law of Patronage
   The Law of Foundations and of Fiscal Incentives for Private Participation in Activities of Public Interest, better known as the Law of Patronage (Ley de mecenazgo), was finally passed in 1994 after several years of negotiation. Individuals and corporate bodies can receive rebates of up to 20 percent of their tax liability by donating works of art (including contemporary works) to institutions whose chief purpose is to promote civic, educational, cultural, sporting or health initiatives, among them the non-profitmaking foundations, which also benefit from a reduction in the Impuesto de Sociedades (Corporate Tax). In 1995, for example, the Queen Sofía Museum received 112 such works.
   Private universities and bodies concerned with language normalization are excluded from the scope of the law.

Encyclopedia of contemporary Spanish culture. 2013.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • patronage — I (power to appoint jobs) noun advantage, assistance, auctoritas, authority, backing, choice, control, controlling power, directing agency, dominance, domination, favor, good offices, gratia, indulgentia, influence, influentiality, patrocinium,… …   Law dictionary

  • patronage, political — n. The (generally improper) use of a political office to provide friends and relatives with government jobs or protection. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Patronage —     Patron and Patronage     † Catholic Encyclopedia ► Patron and Patronage     I. By the right of patronage (ius patronatus) is understood a determinate sum of rights and obligations entailed upon a definite person, the patron, especially in… …   Catholic encyclopedia

  • patronage — pat‧ron‧age [ˈpætrənɪdʒ] noun [uncountable] 1. COMMERCE the support a customer gives a shop, restaurant etc by spending money there: • What will prevent the customer from shifting his patronage to someone else? 2. the support given to an… …   Financial and business terms

  • Patronage — is the support, encouragement, privilege and often financial aid given by a person or an organization. It can also refer to the right of bestowing offices or church benefices, the business given by a regular customer, and the guardianship of… …   Wikipedia

  • Patronage in ancient Rome — Patronage (clientela) was the distinctive relationship in ancient Roman society between the patronus (plural patroni, patron ) and his client (cliens, plural clientes). The relationship was hierarchical, but obligations were mutual. The patronus… …   Wikipedia

  • Patronage — Pa tron*age, n. [F. patronage. Cf. LL. patronaticum, and L. patronatus.] 1. Special countenance or support; favor, encouragement, or aid, afforded to a person or a work; as, the patronage of letters; patronage given to an author. [1913 Webster] 2 …   The Collaborative International Dictionary of English

  • Law of Guarantees —     Law of Guarantees     † Catholic Encyclopedia ► Law of Guarantees     (LA LEGGE DELLE GUARENTIGIE)     A name given to the law passed by the senate and chamber of the Italian parliament, 13 May, 1871, concerning the prerogatives of the Holy… …   Catholic encyclopedia

  • Law enforcement in Bolivia — Bolivian National Police Corps Cuerpo de Policía Nacional Abbreviation CdPN Agency overview Formed 1886 Employees 31,000 Legal personality …   Wikipedia

  • Law, John — (1671 1729)    Scottish born financier    Best known as the founder of the notorious Mississippi scheme, John Law was born in Edinburgh, Scotland, and, after having studied banking in various European countries, settled in Paris in 1715. A year… …   France. A reference guide from Renaissance to the Present

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”