50 Artists for 50 States

According to ArtNet News, in order to promote legislative change for artist donations, the Museum of Contemporary Art, Chicago will host an event with the Art Dealers Association of America on Sept 8 to draw attention and support the "Artist Museum Partnership Act which is now before congress.

The Appraisers Association of America recently sent out an email blast to members and friends to support the new legislation and contact their senators. The new legislation, entitled "Artist Deduction Bill" (S.548) will allow artists to deduct the Fair Market Value of their art instead of cost of materials. The ideas of course is to give more incentive for artists to donate their creations to institutions in order to preserve our cultural history. I posted on this topic on August 6th, to read the post click HERE.

Artnet states, "The event marks the kick-off of ADAA’s "50 Artists for 50 States" campaign, for which the organization is attempting to arrange donations of works from artists to institutions in all 50 states, as a way to show the public benefits of the proposed law, which would allow artists to write off the "fair market value" of works when donating them to nonprofits."