Artist-Museum Partnership Act of 2017
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 18, 2017)
Artist-Museum Partnership Act of 2017
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 just happenedMay 18, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3043)
Who’s behind it
- Introduced in SenateMay 18, 2017
- May 18, 2017IntroReferral
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3043)
Finance Committee - May 18, 2017IntroReferral10000
Introduced in Senate