US HB4948 | 2015-2016 | 114th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on April 14 2016 - 25% progression, died in committee
Action: 2016-04-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 14 2016 - 25% progression, died in committee
Action: 2016-04-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Artist-Museum Partnership Act of 2015 This bill amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, scholarly compositions, or similar property a fair market value (determined at the time of contribution) tax deduction for contributions of such properties, the copyrights thereon, or both, to certain tax-exempt organizations, if such properties are properly appraised and are donated no less than 18 months after their creation. The bill limits the amount of the deduction based upon the donor's artistic adjusted gross income, as defined by this bill.
Title
Artist-Museum Partnership Act of 2015
Sponsors
Rep. John Lewis [D-GA] | Rep. Vern Buchanan [R-FL] | Rep. Louise Slaughter [D-NY] | Rep. Zoe Lofgren [D-CA] |
Rep. Joyce Beatty [D-OH] |
History
Date | Chamber | Action |
---|---|---|
2016-04-14 | House | Referred to the House Committee on Ways and Means. |
2016-04-14 | House | Introduced in House |
Same As/Similar To
SB931 (Related) 2015-04-14 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2174-2175)
SB2648 (Related) 2016-03-08 - Read twice and referred to the Committee on Finance.
SB2648 (Related) 2016-03-08 - Read twice and referred to the Committee on Finance.
Subjects
Art, artists, authorship
Books and print media
Charitable contributions
Income tax deductions
Intellectual property
Literature
Music
Tax-exempt organizations
Taxation
Books and print media
Charitable contributions
Income tax deductions
Intellectual property
Literature
Music
Tax-exempt organizations
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/4948/all-info |
Text | https://www.congress.gov/114/bills/hr4948/BILLS-114hr4948ih.pdf |