US SB405 | 2009-2010 | 111th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 19-4-1)
Status: Introduced on February 10 2009 - 25% progression, died in chamber
Action: 2009-02-10 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2082)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 10 2009 - 25% progression, died in chamber
Action: 2009-02-10 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2082)
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Artist-Museum Partnership Act
Sponsors
| Sen. Evan Bayh [D-IN] | Sen. Robert Bennett [R-UT] | Sen. Jeff Bingaman [D-NM] | Sen. Barbara Boxer [D-CA] |
| Sen. Sherrod Brown [D-OH] | Sen. Benjamin Cardin [D-MD] | Sen. Saxby Chambliss [R-GA] | Sen. Thad Cochran [R-MS] |
| Sen. Christopher Dodd [D-CT] | Sen. Richard Durbin [D-IL] | Sen. Dianne Feinstein [D-CA] | Sen. Kirsten Gillibrand [D-NY] |
| Sen. Johnny Isakson [R-GA] | Sen. Tim Johnson [D-SD] | Sen. Edward Kennedy [D-MA] | Sen. John Kerry [D-MA] |
| Sen. Patrick Leahy [D-VT] | Sen. Bill Nelson [D-FL] | Sen. Bernard Sanders [I-VT] | Sen. Charles Schumer [D-NY] |
| Sen. Jeanne Shaheen [D-NH] | Sen. Debbie Stabenow [D-MI] | Sen. Tom Udall [D-NM] | Sen. Sheldon Whitehouse [D-RI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-02-10 | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2082) | |
| 2009-02-10 | Sponsor introductory remarks on measure. (CR S2081-2082) |
Same As/Similar To
HB1126 (Related) 2009-02-23 - Referred to the House Committee on Ways and Means.
SB394 (Related) 2009-02-09 - Read twice and referred to the Committee on Finance.
SB394 (Related) 2009-02-09 - Read twice and referred to the Committee on Finance.
Subjects
Art, artists, authorship
Income tax deductions
Literature
Music
Social work, volunteer service, charitable organizations
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/405/all-info |
| Text | https://www.congress.gov/111/bills/s405/BILLS-111s405is.pdf |
