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Wednesday, November 30, 2005

New Federal Bill

New federal bill to allow artists to deduct value of donated artwork

Please take a minute and visit this link to support a federal bill that would allow Artists to deduct the value of donated artwork instead of just the cost of materials.

(You can click on the title of this blog entry for a direct link.)

All you have to do is enter your zip code and it will automatically give you a written letter and the correct legislators to email it to. You just have to fill in your name, etc.

Americans for the Arts urges the U.S. House and Senate to enact legislation that would allow artists to take a tax deduction for the fair market value of works that they create and subsequently donate to arts organizations. Under current law, artists can deduct only the cost of the materials used to create the works, whereas non-artists can deduct the work's full value.




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