3.0.0 4948 2023-01-11T13:31:38Z 2023-01-11T13:31:38Z House HR 2016-04-14 114 [Congressional Record Volume 162, Number 57 (Thursday, April 14, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LEWIS:H.R. 4948.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I of the United States Constitutionand its subsequent amendments, and further clarified andinterpreted by the Supreme Court of the United States.[Page H1737]]]> hswm00 Ways and Means Committee House Standing Referred to 2016-04-14T14:03:30Z Artist-Museum Partnership Act 114 931 S 2015-04-14 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2174-2175) Related bill CRS CREATE Act of 2016 114 2648 S 2016-03-08 Read twice and referred to the Committee on Finance. Related bill CRS 2016-04-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-04-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-04-14 Introduced in House IntroReferral 1000 9 Library of Congress L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 N B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 2016-04-14 True S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2016-04-27 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2016-04-29 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2016-05-27 False Taxation Art, artists, authorship Books and print media Charitable contributions Income tax deductions Intellectual property Literature Music Tax-exempt organizations Taxation 00 2016-04-14 Introduced in House 2016-05-04T15:41:04Z Artist-Museum Partnership Act of 2015

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.

]]> Artist-Museum Partnership Act of 2015 Display Title Artist-Museum Partnership Act of 2015 Official Title as Introduced 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. Introduced in House IH Short Titles as Introduced Artist-Museum Partnership Act of 2015 Introduced in House 2016-04-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4948ih/xml/BILLS-114hr4948ih.xml 2016-04-14 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.