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]
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.
Title
CREATE Act of 2017 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2017
Sponsors
Rep. Debbie Dingell [D-MI] | Rep. Barbara Lee [D-CA] | Rep. Eleanor Norton [D-DC] | Rep. Louise Slaughter [D-NY] |
Rep. Ted Lieu [D-CA] | Rep. Jamie Raskin [D-MD] | Rep. James McGovern [D-MA] | Rep. Donald Payne [D-NJ] |
Rep. Alma Adams [D-NC] | Rep. Ann Kuster [D-NH] | Rep. Michael Capuano [D-MA] | Rep. Emanuel Cleaver [D-MO] |
Rep. Yvette Clarke [D-NY] | Rep. Marc Veasey [D-TX] | Rep. Keith Ellison [D-MN] | Rep. Chellie Pingree [D-ME] |
Rep. Steve Cohen [D-TN] |
History
Date | Chamber | Action |
---|---|---|
2017-04-11 | House | Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. |
2017-03-22 | House | Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. |
2017-03-21 | House | Referred 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. |
2017-03-21 | House | Referred 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. |
2017-03-21 | House | Referred 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. |
2017-03-21 | House | Referred 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. |
2017-03-21 | House | Referred 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. |
2017-03-21 | House | Referred 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. |
2017-03-21 | House | Referred 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. |
2017-03-21 | House | Referred 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. |
2017-03-21 | House | Introduced 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.
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
Administrative law and regulatory procedures
Art, artists, authorship
Books and print media
Capital gains tax
Charitable contributions
Commerce
Community life and organization
Cultural exchanges and relations
Department of Homeland Security
Department of the Treasury
Disaster relief and insurance
Economic development
Federal Emergency Management Agency (FEMA)
Foreign labor
Government lending and loan guarantees
Income tax deductions
Intellectual property
Literature
Music
National and community service
Performing arts
Property rights
Rural conditions and development
Self-employed
Small business
Tax-exempt organizations
Transfer and inheritance taxes
Visas and passports
Art, artists, authorship
Books and print media
Capital gains tax
Charitable contributions
Commerce
Community life and organization
Cultural exchanges and relations
Department of Homeland Security
Department of the Treasury
Disaster relief and insurance
Economic development
Federal Emergency Management Agency (FEMA)
Foreign labor
Government lending and loan guarantees
Income tax deductions
Intellectual property
Literature
Music
National and community service
Performing arts
Property rights
Rural conditions and development
Self-employed
Small business
Tax-exempt organizations
Transfer and inheritance taxes
Visas and passports
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/1649/all-info |
Text | https://www.congress.gov/115/bills/hr1649/BILLS-115hr1649ih.pdf |