HR 1190
112th Congress
House
Taxation
Art, artists, authorship
Income tax deductions
Literature
Music
Social work, volunteer service, charitable organizations
Artist-Museum Partnership Act of 2011
Introduced: March 17, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2011
Referred to the House Committee on Ways and Means.
Mar 17, 2011
Introduced in House
Plain-English summary
Artist-Museum Partnership Act of 2011 - 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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1