Artist-Museum Partnership Act of 2019
- Last Action
- 3/14/2019
Actions
- 2019-03-14Referred to the House Committee on Ways and Means.
- 2019-03-14Introduced in House
- 2019-03-14Introduced in House
CRS Summary
As of 2019-03-14 (00)
Artist-Museum Partnership Act of 2019
This bill allows taxpayers who create literary, musical, artistic, scholarly compositions, or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no less than 18 months after their creation. The bill limits the amount of the deduction based upon the donor's artistic adjusted gross income, as defined by this bill.
Cosponsors (11)
- DANNY DAVIS (D-IL)
- ELEANOR NORTON (D-DC)
- ALCEE HASTINGS (D-FL)
- Joyce Beatty (D-OH)
- WILLIAM PASCRELL (D-NJ)
- Adriano Espaillat (D-NY)
- Ami Bera (D-CA)
- JAMES COOPER (D-TN)
- David Cicilline (D-RI)
- Pramila Jayapal (D-WA)
- ADAM SCHIFF (D-CA)
Subjects
- Art, artists, authorship
- Books and print media
- Charitable contributions
- Income tax deductions
- Intellectual property
- Literature
- Music
- Tax-exempt organizations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.