summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to income tax deductions for certain artistic contributions. Revenue.
AI Summary
This bill amends the Massachusetts General Laws to allow for an income tax deduction for the fair market value of certain charitable contributions of literary, musical, artistic, or scholarly creations, or their copyrights, made by the taxpayer. The deduction is subject to several conditions, including that the property was created by the taxpayer's personal efforts at least 18 months prior, the taxpayer has a qualified appraisal of the fair market value, and the donation is to an eligible charitable organization for a related or public purpose. The deduction is also limited to the portion of the taxpayer's adjusted gross income attributable to income from the sale, use, or teaching of similar types of property. The bill applies to tax years beginning on or after January 1, 2018.
Committee Categories
Budget and Finance
Sponsors (7)
Cory Atkins (D),
Jay Kaufman (D),
Mike Moore (D),
Sarah Peake (D),
Smitty Pignatelli (D),
Angelo Puppolo (D),
Chris Walsh (D),
Last Action
Accompanied a study order, see H4244 (on 02/22/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H1642 |
| Bill | https://malegislature.gov/Bills/190/H1642.pdf |
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