Sunday, November 18, 2007

About time...

For years and years, when artists donated a work of art to a museum, all that they could deduct from their taxes was the cost of the materials to make the artwork.

However, this past March, Congressmen Jim Ramstad (R-MN) and John Lewis (D-GA) have introduced the "Artists-Museum Partnership Act" – a bill to provide a fair-market value tax deduction for works of arts donated by artists to arts institutions. By the way, Congressman John Lewis is an avid art collector himself and a very visible presence at the occasional art gallery opening in both DC and Atlanta.

This bill, (known in Congressional lingo as H.R. 1524) has been gaining Congressional co-sponsors, now standing at 58, with a number of them serving on the powerful House Ways & Means Committee.

The Senate bill, sponsored by Sen. Robert Bennett (R-UT) and Sen. Pat Leahy (D-VT), has 25 co-sponsors in the Senate.

Here's how you can help: The Congressional Arts Caucus recently circulated a “Dear Colleague” inviting members to join the bill as a co-sponsor. To see if your House or Senate member has co-sponsored this legislation, visit this website. If they have ignored HR 1524, then give them a call or email them a note scolding them for their apathy towards artists. You can email them or call them from here.

And if you don't do that, then you give up your right to bitch about everyone else's apathy towards the arts and the people who create it.

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