Top Legislation - View All
Latest Action: 02/06/2007 - Referred to the House Committee on Oversight and Government Reform. Bill TextExpressing the sense of Congress that Zora Neale Hurston should be recognized for her achievements as a novelist and anthropologist, and for her contributions to the Harlem Renaissance movement. 2/6/2007--Introduced. Expresses the sense of Congress that Zora Neale Hurston should be recognized as an accomplished anthropologist, as one of the most talented novelists and literary figures of her time, and for her contributions to the Harlem Renaissance movement.
Latest Action: 01/24/2007 - Sponsor introductory remarks on measure. (CR S1059-1060) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide the same capital gains treatment for art and collectibles as for other investment property and 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. 1/24/2007--Introduced. Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to: (1) eliminate the 28-percent capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15-percent tax rate applicable to other investment property; (2) allow the creator of a literary, musical, artistic, or scholarly property a fair market value tax deduction for the donation of such property to a tax-exempt organization, if properly appraised and donated no sooner than 18 months after its creation.
Also tagged in: Art, Artists, Authors and authorship, Charitable contributions, Copyright, Finance, Government information, Government paperwork, Humanities, Income tax, Intellectual property, Music, Tax deductions, Tax returns, Taxation, Valuation
Latest Action: 02/12/2007 - Sponsor introductory remarks on measure. (CR S1851-1852) Bill TextA 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. 2/12/2007--Introduced. 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 sooner 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.
Also tagged in: Art, Artists, Authors and authorship, Charitable contributions, Copyright, Finance, Government information, Government paperwork, Humanities, Income tax, Intellectual property, Music, Tax deductions, Tax returns, Taxation, Valuation
Latest Action: 03/14/2007 - Referred to the House Committee on Ways and Means. Bill TextTo 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. 3/14/2007--Introduced. 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 sooner 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.
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Latest Legislation - View All
Also tagged in: Art, Artists, Authors and authorship, Charitable contributions, Copyright, Finance, Government information, Government paperwork, Humanities, Income tax, Intellectual property, Music, Tax deductions, Tax returns, Taxation, Valuation
Latest Action: 03/14/2007 - Referred to the House Committee on Ways and Means. Bill TextTo 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. 3/14/2007--Introduced. 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 sooner 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.
Also tagged in: Art, Artists, Authors and authorship, Charitable contributions, Copyright, Finance, Government information, Government paperwork, Humanities, Income tax, Intellectual property, Music, Tax deductions, Tax returns, Taxation, Valuation
Latest Action: 02/12/2007 - Sponsor introductory remarks on measure. (CR S1851-1852) Bill TextA 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. 2/12/2007--Introduced. 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 sooner 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.
Latest Action: 02/06/2007 - Referred to the House Committee on Oversight and Government Reform. Bill TextExpressing the sense of Congress that Zora Neale Hurston should be recognized for her achievements as a novelist and anthropologist, and for her contributions to the Harlem Renaissance movement. 2/6/2007--Introduced. Expresses the sense of Congress that Zora Neale Hurston should be recognized as an accomplished anthropologist, as one of the most talented novelists and literary figures of her time, and for her contributions to the Harlem Renaissance movement.
Latest Action: 01/24/2007 - Sponsor introductory remarks on measure. (CR S1059-1060) Bill TextA bill to amend the Internal Revenue Code of 1986 to provide the same capital gains treatment for art and collectibles as for other investment property and 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. 1/24/2007--Introduced. Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to: (1) eliminate the 28-percent capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15-percent tax rate applicable to other investment property; (2) allow the creator of a literary, musical, artistic, or scholarly property a fair market value tax deduction for the donation of such property to a tax-exempt organization, if properly appraised and donated no sooner than 18 months after its creation.
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