This is for readers in the USA. Via 40 Watt I found the petition for a bipartisan bill (Support the Arts by Co-Sponsoring S. 548 or H.R.1524) that will simply allow artists to take a fair-market value deduction for works given to and retained by nonprofit institutions. It is important enough that I want to pass the message here as well, even with the caveat to be redundant.

The U.S. tax system accords unequal treatment to creators and collectors who donate tangible works (e.g., paintings or manuscripts) to museums, libraries, educational or other collecting institutions. A collector may take a tax deduction for the fair-market value of the work, but creators may deduct only their "basis" value—essentially the cost of materials such as paint and canvas.

All you have to do is to go here, sign with your info and the e-mail will be sent to the US Senators and House of Representative from your state.

Quite simple, it takes only 2 minutes to complete and we will all benefit.

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