HR 4948
114th Congress
House
Taxation
Art, artists, authorship
Books and print media
Charitable contributions
Income tax deductions
Intellectual property
Literature
Music
Tax-exempt organizations
Artist-Museum Partnership Act of 2015
Introduced: April 14, 2016
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2016
Referred to the House Committee on Ways and Means.
Apr 14, 2016
Introduced in House
Plain-English summary
Artist-Museum Partnership Act of 2015
This bill amends the Internal Revenue Code to allow 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1