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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Artist-Museum Partnership Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literary, musical, artistic, or scholarly compositions created by the donor.


Actions Overview (1)

Date
04/14/2015 Introduced in Senate

All Actions (1)

Date
04/14/2015 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2174-2175)
Action By: Senate

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Udall, Tom [D-NM] 09/30/2015

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance04/14/2015 Referred to

Related Bills (2)

A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-congress measures.

Subjects (9)

  • Art, artists, authorship
  • Books and print media
  • Charitable contributions
  • Income tax deductions
  • Intellectual property
  • Literature
  • Music
  • Tax-exempt organizations

Latest Summary (1)

There is one summary for S.931. View summaries

Shown Here:
Introduced in Senate (04/14/2015)

Artist-Museum Partnership Act

Amends the Internal Revenue Code to allow taxpayers who create literary, musical, artistic, or 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. Limits the amount of such deduction based upon the donor's artistic adjusted gross income, as defined by this Act.