{"id":3148,"date":"2017-06-08T14:48:58","date_gmt":"2017-06-08T14:48:58","guid":{"rendered":"http:\/\/www.elizabethfram.com\/Blog\/?p=3148"},"modified":"2017-06-08T14:48:58","modified_gmt":"2017-06-08T14:48:58","slug":"art-taxes","status":"publish","type":"post","link":"https:\/\/www.elizabethfram.com\/Blog\/art-taxes\/","title":{"rendered":"Art & Taxes"},"content":{"rendered":"

Good news coming from\u00a0Washington seems a pretty elusive beast these days, especially where the arts are concerned. But I was pleased to read recently that our senator Patrick Leahy has taken advantage of the ongoing\u00a0discussions surrounding\u00a0tax reform to speak up for artists by introducing The Artist-Museum Partnership Act of 2017. This past March John Lewis (D-Ga.) introduced it in the House of Representatives as well.<\/p>\n

\"2

2 Bowls and a Knife \u00a0 \u00a0\u00a0<\/strong> \u00a92017 Elizabeth Fram<\/p><\/div>\n

It’s a little known fact that artists are only allowed to deduct the cost of materials when they donate their work, while collectors are entitled to deduct the work’s fair market value. How does that make sense? I figure the coffee cup pieces I’ve been making take the better part of 60 hours each to create, not counting the framing. But the materials that go into them run in the neighborhood of only $20, also not counting the frames. If more people were aware of this inequity, there might be greater understanding of why artists are so reluctant to offer their work to fundraising benefits and auctions.<\/p>\n

\"Dog

Dog Lamp<\/strong>\u00a0 \u00a0 \u00a0 \u00a92017 Elizabeth Fram<\/p><\/div>\n

This current bill would make it possible for artists to claim the true worth of their work when donating\u00a0to museums<\/em>, making for a win-win situation for those who are working at that level; artists can achieve agreeable compensation and\u00a0museums will likely receive more work from important living artists to share with the public.<\/p>\n

\"lemon-ginger\"

Lemon-Ginger<\/strong>\u00a0 \u00a0 \u00a0 \u00a92017 Elizabeth Fram<\/p><\/div>\n

This is a wonderful first step, but I wish the bill\u00a0would go further. What about the little guy? How many of us have been approached by non-profits with a request for a piece of work that they would like to use to raise funds? Most of us would love to donate, but it’s much more cost effective and advantageous to write a check. Unfortunately, many organizations have no concept of the financial ramifications\u00a0on an individual artist whose situation is so unlike the other businesses they approach that can freely deduct the value\u00a0of whatever service or product they pledge.<\/p>\n

\"Wine

Wine & Soap<\/strong>\u00a0 \u00a0 \u00a0 \u00a92017 Elizabeth Fram<\/p><\/div>\n

Of course the sad fact is that, according to the\u00a0recent press release about the legislation<\/a>, “Leahy has introduced this bill in each Congress since 2000”, so we will have to wait and see whether it will finally go through. But, I am proud and grateful to live in Vermont where our senator continues to stand up for artists and the arts in general, recognizing and appreciating their value. Let’s\u00a0all hope that his determination and the greater awareness he brings to the issue will one day lead to success.<\/p>\n

\u2756<\/span><\/h2>\n

Worth sharing: I found this project<\/a>\u00a0by art students from the National Taiwan University of the Arts speaking to the issue of water pollution quite compelling, well executed and particularly effective.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good news coming from\u00a0Washington seems a pretty elusive beast these days, especially where the arts are concerned. But I was pleased to read recently that our senator Patrick Leahy has taken advantage of the ongoing\u00a0discussions surrounding\u00a0tax reform to speak up for artists by introducing The Artist-Museum Partnership Act of 2017. This past March John Lewis […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[21],"tags":[530,528,527,529],"class_list":["post-3148","post","type-post","status-publish","format-standard","hentry","category-discussion","tag-donations","tag-representative-john-lewis","tag-senator-patrick-leahy","tag-the-artist-museum-partnership-act-of-2017"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5kO5z-OM","_links":{"self":[{"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/posts\/3148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/comments?post=3148"}],"version-history":[{"count":14,"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/posts\/3148\/revisions"}],"predecessor-version":[{"id":3166,"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/posts\/3148\/revisions\/3166"}],"wp:attachment":[{"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/media?parent=3148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/categories?post=3148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.elizabethfram.com\/Blog\/wp-json\/wp\/v2\/tags?post=3148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}