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Artist-Museum Partnership Act
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.
Other Bill Titles (2 more) 2/12/2007--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
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Amendments
This bill has no amendments.
Bill Status
| Introduced |  | Voted on by Senate | | Voted on by House | | Considered By President | | Bill Becomes Law |
| February 12, 2007 |
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In the News
August 19, 2007 BMA's director Andrews named president of national art group
During her one-year term, Andrews will face the issue of fair market value for works of art, legislation that is before the US Senate (S.548) and House of ...
Blog Coverage
May 12, 2008 "Dünn ist die Decke der Zivilisation"
Stuttgart: Reclam, 2001, S. 548). Auf einen Begriff der âUnschuldâ kann man sich demnach nicht berufen, weder im Mittelalter, noch auf Guantanamo â heute genügt allein der geheimdienstliche Verdacht ohne auswärtige Gegenprüfung, ...
Source: alt_everything
March 30, 2008 Deduction Pro
It concerns the Artist Deduction Bill (S.548 or HR1524, the two bills are identical) which would give artists the right to deduct the fair market value of their work when donating it to a charity. Pro Direct Soccer There is a form ...
Source: Singles In Handvalley Ar
March 20, 2008 A little political...and long
Both bills have broad bipartisan support, with over 50 House members cosponsoring and seven senators. The Senate passed the bill last year, but the House did not accept it. Cosponsors of S.548 (as of 2/16/07) Senator Robert Bennett (UT) ...
24 more posts...
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From the bottom of my Tax-Preparer-and-Creative-Artist heart, I thank everyone who worked so hard to get this bill to this stage. It makes no sense for the artwork's creator to be denied the Fair Market Value tax deduction that anyone else would get for donating the same piece of work.
I voted Yes, but I must say that it would fix so many problems if this could be extended to public domain. Rather than allowing creative / intellectual works to be come orphaned for lack of value, give the author / copyright holder an incentive to release their work into the public domain so that this otherwise unprofitable work can become worthy. Let artists cut that long tail of copyright value and allow them to be compensating them with money that was already theirs?
Wouldn't it be amazing if Warner, Disney, Universal, and these other copyright lords had real incentive for loosening their grips on works that have been virtually abandoned in their IP prisons. That really sounds like a super win-win situation.
Could this bill already be loosely be interpreted that way? Are works 'owned' by federally funded museums part of the public domain? We should really see about getting this passed, and getting big media to jump on this band wagon.
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