[SCA-BMDL] OT: For artists that donate art to museums, libraries, schools, etc.

[Raven]

This came from the Pittsburgh Glass Center's monthly
newsletter. This is a federal bill which could affect
every artist (in a positive way) who donates their art
to nonprofit institutions.

- Raven

--------------------------------------

Artist Deduction Bill
 
PGC received notice about this important legislation
"Artist Deduction Bill" H.R. 1524 that directly
affects YOU the artist.  We encourage you to learn
more about it.

Most museums, libraries, educational institutions and
archives lack funds to acquire works of art, relying
instead on donations. Unfortunately, however, creators
cannot take a tax deduction for the fair market value
of works that they donate and are instead limited to a
deduction for the cost of materials. Without incentive
to give their works to nonprofit institutions,
creators generally keep their works or sell them to
private collectors, and the public loses.  This
bipartisan legislation would simply allow artists to
take a fair-market value deduction for works given to
and retained by nonprofit institutions.        


Follow This Link to learn more:
http://capwiz.com/artsusa/utr/2/?a=9680581&i=1234&c=
 


----------------------------------------------------------
And this above all to thine own self be true.
                                - Shakespeare, "Hamlet"


      ____________________________________________________________________________________
Looking for last minute shopping deals?  
Find them fast with Yahoo! Search.  http://tools.search.yahoo.com/newsearch/category.php?category=shopping