Artist-Museum Partnership Act
Last action on Apr 9, 2003Sponsor introductory remarks on measure. (CR S5014-5015)
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Summary
Artist-Museum Partnership Act - Amends the Internal Revenue Code to provide a fair market value (determined at time of contribution) deduction for charitable contributions of literary, musical, artistic, scholarly compositions, or the copyright created by a qualifying donor. Exempts certain non-personal letters and memoranda from such treatment.
Limits such increased deduction to the donor's artistic adjusted income (as defined by this Act).
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