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HR 1793 116th 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 2019

Introduced: March 14, 2019 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 14, 2019
Referred to the House Committee on Ways and Means.
Mar 14, 2019
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now March 14, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1