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To amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literary, musical, artistic, or scholarly compositions created by the donor.

USA115th CongressHR-1830| House 
| Updated: 3/30/2017
John Lewis

John Lewis

Democratic Representative

Georgia

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Artist-Museum Partnership Act of 201 7 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.
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Timeline
Mar 30, 2017
Introduced in House
Mar 30, 2017
Referred to the House Committee on Ways and Means.
May 18, 2017

Latest Companion Bill Action

S 115-1174
Introduced in Senate
  • March 30, 2017
    Introduced in House


  • March 30, 2017
    Referred to the House Committee on Ways and Means.


  • May 18, 2017

    Latest Companion Bill Action

    S 115-1174
    Introduced in Senate

Taxation

Related Bills

  • S 115-661: A bill to assist entrepreneurs, support development of the creative economy, and encourage international cultural exchange, and for other purposes.
  • S 115-1174: A bill to amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literary, musical, artistic, or scholarly compositions created by the donor.
  • HR 115-1649: To assist entrepreneurs, support development of the creative economy, and encourage international cultural exchange, and for other purposes.
Art, artists, authorshipBooks and print mediaCharitable contributionsIncome tax deductionsIntellectual propertyLiteratureMusicTax-exempt organizations

To amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literary, musical, artistic, or scholarly compositions created by the donor.

USA115th CongressHR-1830| House 
| Updated: 3/30/2017
Artist-Museum Partnership Act of 201 7 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 30, 2017
Introduced in House
Mar 30, 2017
Referred to the House Committee on Ways and Means.
May 18, 2017

Latest Companion Bill Action

S 115-1174
Introduced in Senate
  • March 30, 2017
    Introduced in House


  • March 30, 2017
    Referred to the House Committee on Ways and Means.


  • May 18, 2017

    Latest Companion Bill Action

    S 115-1174
    Introduced in Senate
John Lewis

John Lewis

Democratic Representative

Georgia

Ways and Means Committee

Taxation

Related Bills

  • S 115-661: A bill to assist entrepreneurs, support development of the creative economy, and encourage international cultural exchange, and for other purposes.
  • S 115-1174: A bill to amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literary, musical, artistic, or scholarly compositions created by the donor.
  • HR 115-1649: To assist entrepreneurs, support development of the creative economy, and encourage international cultural exchange, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Art, artists, authorshipBooks and print mediaCharitable contributionsIncome tax deductionsIntellectual propertyLiteratureMusicTax-exempt organizations