S 2225
97th Congress
Senate
Taxation
Artists
Arts, Culture, Religion
Charitable contributions
Income tax
Public Welfare and Charities
Tax deductions
Artists Tax Equity and Donation Act of 1982
Introduced: March 17, 1982
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 22, 1982
Committee on Finance requested executive comment from OMB; Treasury Department.
Mar 17, 1982
Read twice and referred to the Committee on Finance.
Mar 17, 1982
Introduced in Senate
Plain-English summary
Artist's Tax Equity and Donation Act of 1982 - Amends the Internal Revenue Code to allow an income tax deduction for the current fair market value of a literary, musical, or artistic composition created by the taxpayer and contributed to a charitable organization. Disallows a fair market value deduction for a contribution of property which was produced while the taxpayer was a Government officer or employee if such property arose out of the performance of the taxpayer's duties.
What's happening now
Committee on Finance requested executive comment from OMB; Treasury Department.
Committees of jurisdiction
1
Cosponsors
1