Thursday, July 14, 2005

Daily Democrat Online - News(Re Artist deductions)

Daily Democrat Online - News:
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"Among the bi-partisan pieces of legislation Thompson is carrying is a bill that would allow artists to claim a fair market tax deduction for charitable donations of their work.

'The legislation is about fairness. If an individual donates stocks or bonds to charity they receive a deduction for the full value,' Thompson said. 'But under current law, if an artist donates a creation they only receive a deduction for the value of the raw materials used to create it.'"

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