Artist-Museum Partnership Act
The Union League Club of Chicago is working with leading museums and cultural
institutions throughout the Chicago area in support of S. 372, better known
as the "Artist-Museum
Partnership Act." This legislation would restore
a provision of U.S. tax law that existed prior to 1969 under which artists,
composers and authors could donate their works to a non- profit institution
and claim a tax deduction equal to the fair-market value of the work.
Under reforms adopted subsequent to 1969, they can deduct only the cost of
materials used to produce the donated work. Over the past three decades, this
has substantially reduced acquisitions of donated art by museums and has diminished
significantly the benefit derived from the availability of works of art in
museums, libraries and other public institutions.
In November, 2005, the "Artist-Museum Partnership Act" was incorporated
as Section 308 of the Budget Reconciliation Bill for Fiscal Year 2006 (S. 2020)
as passed by the Senate. Therefore, we are now focusing our efforts on members
of the U.S. House of Representatives to urge that that this section is retained
in the final version of the Reconciliation Bill.
Below, you will find links that you can use to help support this effort. They
include 1) an interactive query form that will help you identify who represents
you in the U.S. House, 2) a sample
letter that you may send to your representative
in support of the "Artist-Museum Partnership Act," and 3) an excerpt of the legislation as incorporated into Section 308 of the Budget Reconciliation
Bill for Fiscal Year 2006.
On behalf of the Union League Club of Chicago and the Public Affairs Committee,
thank you for your interest in this important issue! If you have any questions,
please contact Dave Kohn, Director of Public Affairs at the Union League Club,
at (312) 435-5945 or via e-mail: kohn@ulcc.org
Contact Your Representatives in Congress
Click
here to download a sample letter [MS Word file format]
Click
here to download the language of proposed legislation. [pdf]
To get the contact information for
your congessional representative please enter your zip code and press the button
below.
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