S 405
111th Congress
Senate
Taxation
Art, artists, authorship
Income tax deductions
Literature
Music
Social work, volunteer service, charitable organizations
Artist-Museum Partnership Act
Introduced: February 10, 2009
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 10, 2009
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2082)
Feb 10, 2009
Sponsor introductory remarks on measure. (CR S2081-2082)
Feb 10, 2009
Introduced in Senate
Plain-English summary
Artist-Museum Partnership Act - Amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, or 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 sooner than 18 months after their creation. Limits the amount of such deduction based upon the donor's artistic adjusted gross income, as defined by this Act.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2082)
Committees of jurisdiction
1