US HB1649 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 17-0)
Status: Introduced on March 21 2017 - 25% progression, died in committee
Action: 2017-04-11 - Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Pending: House Commodity Exchanges, Energy, and Credit Committee
Text: Latest bill text (Introduced) [PDF]

Summary

CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017 This bill amends the Internal Revenue Code to: (1) allow artists to claim tax deductions for qualified artistic charitable contributions based on the fair market value of a piece of artwork, rather than the value of the materials used to create it; and (2) revise income and gift tax requirements for charitable contributions of fractional gifts, the valuation of subsequent gifts, and recapture of the charitable deduction. The Small Business Act is amended to require the Small Business Administration to develop loan criteria, evaluation procedures, and technical assistance programs for small business concerns owned and controlled by artists and concerns that support the creative economy. The Public Works and Economic Development Act of 1965 and the Consolidated Farm and Rural Development Act are amended to require the Departments of Commerce and Agriculture to ensure that traditional economic development tools, such as business incubators and grant programs, support the arts industry and creative economy. The Immigration and Nationality Act is amended to require the Department of Homeland Security to adjudicate petitions for nonimmigrant visas for aliens with extraordinary ability or achievement, and artists and entertainers within 14 days after receiving them. The Federal Emergency Management Agency (FEMA) shall promulgate rules to ensure that expenses incurred, because of a major disaster or emergency, by specified artists, designers, or musicians to repair or replace needed tools are considered eligible for disaster assistance. The National and Community Service Act of 1990 is amended to authorize the recipient of a national service program grant to carry out the program through an Artist Corps that identifies and meets unmet needs within communities through artistic activities, including technical assistance for grant writing, marketing, and financial planning. The Department of the Treasury shall develop guidelines for the creation and operation of qualified community development entities focusing on investment in and the development and encouragement of the creative economy in low-income communities. Commerce shall establish a demonstration program to promote creative and performing arts in the economic planning of local governments.

Tracking Information

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Title

CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017

Sponsors


History

DateChamberAction
2017-04-11HouseReferred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
2017-03-22HouseReferred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
2017-03-21HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Transportation and Infrastructure, the Judiciary, Education and the Workforce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-21HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Transportation and Infrastructure, the Judiciary, Education and the Workforce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-21HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Transportation and Infrastructure, the Judiciary, Education and the Workforce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-21HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Transportation and Infrastructure, the Judiciary, Education and the Workforce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-21HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Transportation and Infrastructure, the Judiciary, Education and the Workforce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-21HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Transportation and Infrastructure, the Judiciary, Education and the Workforce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-21HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Transportation and Infrastructure, the Judiciary, Education and the Workforce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-21HouseReferred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Transportation and Infrastructure, the Judiciary, Education and the Workforce, Financial Services, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-21HouseIntroduced in House

Same As/Similar To

HB1830 (Related) 2017-03-30 - Referred to the House Committee on Ways and Means.
SB661 (Same As) 2017-03-15 - Read twice and referred to the Committee on Finance.
SB2466 (Related) 2018-02-28 - Read twice and referred to the Committee on the Judiciary.

Subjects


US Congress State Sources


Bill Comments

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