Artist-Museum Partnership Act
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.
previous 110th session of congress Other Bill Titles (2 more) 3/14/2007--Introduced.
Artist-Museum Partnership Act - Amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, or scholarly compositions or similar property a fair market value (determined at the time of contribution) tax deduction for contributions ... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| March 14, 2007 |
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Blog Coverage
December 31, 2008 Ohio.com - Mary Schiller Myers is missed
The Artist-Museum Partnership Act, H.R. 1524 and S. 548, would allow artists, writers and composers to take a fair-market tax deduction for contributions of their own works to nonprofit collecting institutions. ...
Source: Local News
November 03, 2008 VOTE*VOTE*VOTE!
So far, 108 co-sponsors have signed on to HR 1524 in the House--breaking the record number set in 2004.There are also a record number of co-sponsors in the Senate, with 30 co-sponsors signing on to S. 548. ...
Source: View All Blogs | Joomla!
October 19, 2008 TaxProf Blog: Tax Planning for Open Source Contributions
Presumably, the charitable deduction is limited to cost, not fmv (§ 170(e)(1)(A); Reg. § 1.170A-4(b)(1)), although the proposed Artist-Museum Partnership Act (S. 548; H.R. 1524) would liberalize these rules. (Hat Tip: Scott Brenner.) ...
Source: TaxProf Blog










