artist-museum partnership
With all of the talk about economic stimulus packages I thought I'd mention a revision to law which could be made, that would allow artists to donate their art work and receive a tax break equivalent to the arts actual value. In other words, currently the law allows a donor to purchase art and then donate it to an institution and receive a deduction on their taxes. However if an artist donates his/her artwork his donation is worth only the paper it is printed upon.
Today with donations to institutions and museums suffering from the recession, this would benefit both the artist and the museum. The image above was part of my Kyoto Series that appeared on the cover of artscope magazine in Boston. Although pieces were purchased and donated to the Boston Public Library's permanent collection, several of the images are left to be donated. Of course I'm happy to donate them, however I feel a proper tax deduction should be allowed. In this way both the collection and the artist (myself) would benefit. Kyoto and Boston are sister-cities and therefore the collection is quite relevant to the BPL's photographic collection.
For information on the bill go to Artist-Museum Partnership Act.
For common sense information on the bill go to Partnership Act for artists.
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