US SB1174 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on May 18 2017 - 25% progression, died in committee
Action: 2017-05-18 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3043)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Artist-Museum Partnership Act of 2017 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.

Tracking Information

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Title

Artist-Museum Partnership Act of 2017

Sponsors


History

DateChamberAction
2017-05-18SenateRead twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3043)

Same As/Similar To

HB1830 (Same As) 2017-03-30 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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