Summary: S.1174 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1174. Bill summaries are authored by CRS.

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Introduced in Senate (05/18/2017)

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.