Bill Summary & Status
111th Congress (2009 - 2010)
H.R.1126
CRS Summary
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H.R.1126
Latest Title: Artist-Museum Partnership Act of 2009
Sponsor: Rep Lewis, John [GA-5] (introduced 2/23/2009) Cosponsors (93)
Related Bills: S.394, S.405
Latest Major Action: 2/23/2009 Referred to House committee. Status: Referred to the House Committee on Ways and Means.
SUMMARY AS OF:
2/23/2009--Introduced.
Artist-Museum Partnership Act of 2009 - 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.
