Nils Lou on sat 3 jun 00
---------- Forwarded message ----------
Date: Fri, 2 Jun 2000 22:47:26 -0500
From: Judy Onofrio
To: nlou@linfield.edu
Subject: art
TimesWe need your help!
As you are probably aware artists cannot take a fair market value
deduction for a donation of artwork to charity. They can only deduct
the cost of materials. Owners of artwork not their own can take an
appreciated full market value deduction.
There is currently a bill which has been introduced into congress by
Amo Houghton to allow artists to take an income tax deduction for
donations of their artwork. It is Bill HR3249.
I hope you feel as I do that it is extremely important to get
this law changed now. It has been in existence since 1970. Numerous
attempts to modify it have been unsuccessful. We can only do this if
we all support it as vocally as possible. As artists we tend to work
isolated from each other with the result that our political influence
is not as strong as other groups. This is a time when we need to come
together and let congress know this bill is important to us.
I've enclosed a sample letter which you are welcome to copy, use,
modify or whatever to send to your congressman, Please send a note,
call, or email to your representative now. If you don't know who your
congressman is visit:
0000,0000,00FFhttp://www.house.gov.
In addition I ask you to please pass this information and letter
on to as many people as you possibly can. We can make a difference.
Thank you,
Judy Onofrio
Dear
We need your help! Please sign on as a co-sponsor or vote for Bill
HR3249, which has been introduced in congress by Amo Houghton.
As artists and supporter of the arts, we feel strongly that the current
law that does not allow artists to take a fair market value deduction
for a charitable donation of their work is unfair. Owners of artwork
not their own can take an appreciated full
market value deduction but the artist cannot. The new bill HR3249
would rectify that inequity.
It is important and helpful for charitable organizations to be able to
raise money through auctions of artwork. Museums need to add to their
current collections. By amending this law, artists would be willing to
donate work of higher quality to these organizations, which in the end
would benefit everyone.
Please help us to change this double standard and make it equal for
both artist and patron. Vote for HR3249.
Thank you for your consideration and representing our needs.
Sincerely,
email: judyland@judyonofrio.com
Paul Lewing on mon 5 jun 00
Nils Lou wrote:
> As you are probably aware artists cannot take a fair market value
> deduction for a donation of artwork to charity. They can only deduct
> the cost of materials.
Actually, you can't even take that, if you deducted the cost of those
materials when you bought them. You can't deduct them twice.
Thanks for passing this on, Nils. It's about time this got changed.
Paul Lewing, Seattle
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