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congress looking at restoring artists fair market value deductions

updated fri 26 jul 02

 

John Baymore on wed 24 jul 02


Hi all out there in CLAYART-land.

I just got the following post from the NH State arts organization. Thoug=
ht
all those in the USA =

might want to know about this and contact your respective governmental
representatives.

Best,

......................john

_______________________________
forwarded message
_______________________________

Congress Considers Restoring Fair-Market-Value Tax Deductions for Artists=

Donations

Last week the Senate Finance Committee voted to send the CARE Act (S. 192=
4)
to the Senate floor with the Artists Fair Value Market Deductions Bill
attached. If approved by the full Senate, the CARE Act will go to a
conference committee to work out the differences between the Senate bill
and
its companion bill in the House, the Faith-based Initiatives Bill (H.R. 7=
).
Since the artists' bill is not in the House bill, it will be up to the
House
Ways and Means Committee to determine if it will accept the artists' bill=

as
part of the final package.

The Artists Fair Value Market Deductions Bill would restore to artists,
writers, composers, and scholars the ability to take a fair-market-value
deduction for works that they donate to an appropriate non-profit
institution. Under current law, although art collectors can deduct the fa=
ir
market value of works that they donate to a museum or library, the artist=
s
who created them can only deduct the cost of the materials that they used=

to
create the works.

To stay in touch with upcoming national and state legislation affecting t=
he
arts in New Hampshire, you may wish to join New Hampshire Citizens for th=
e
Arts, which maintains an online advocacy network. The New Hampshire
Citizens
for the Arts address is 2 Eagle Square Suite 400, Concord, NH 03301. E-ma=
il
contacts for the organization are: Glen Swanson, Vice President, at
gws@research-international.com; Marilyn Hoffman, Secretary, at
HoffmanMar@aol.com; or Sara Germain, board member, at
sgermain@peterboroughplayers.org.
-------------------------------------------------------------
end forwarded message
-------------------------------------------------------------



John Baymore
River Bend Pottery
22 Riverbend Way
Wilton, NH 03086 USA

603-654-2752 (s)
800-900-1110 (s)

JohnBaymore.com

JBaymore@compuserve.com

"DATES CHANGED: Earth, Water, and Fire Noborigama Woodfiring Workshop =

August 23 - September 1, 2002"

John Weber on thu 25 jul 02


For those of you interested you can access the status of a bill like this at
http://thomas.loc.gov/ you just type in the Senate Bill number in the search
block, so here you would type in SB1924 or for the House Bill type in
the box HB7.