MTAA-RR » news » twhid » senate bill artists can claim full deduction for gifts:
Feb 12, 2006
Senate Bill: Artists Can Claim Full Deduction for Gifts
posted at 16:45 GMT by T.Whid in /news/twhid
This important message is to make you aware of an opportunity you have to influence the way your art is treated in the tax code. There is a bill just passed in the Senate that would expand the deductible amount of donated artwork to its full value. Currently the only allowed deduction is cost of materials. However, THIS BILL HAS NOT PASSED THE HOUSE. That’s where you come in. The bill will be hashed out in a House/Senate committee that begins to meet soon. Here’s how you can help:Go to NEWSgrist - where spin is art: Senate Bill: Artists Can Claim Full Deduction for Gifts to find out what you can do. permanent link to this post
MTAA-RR » news » twhid » senate bill artists can claim full deduction for gifts