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THE ART OF SPECIAL INTEREST LEGISLATING
February 23, 2007
A tremendous new "economic growth" bill was introduced this week in the Iowa legislature. HF 456 would do three big things:
1. It would broaden the definition of "cultural and entertainment district."
2. It would allow artists to deduct the appreciated value of their own work when it is donated to charity; and
3. It would allow artists living and working in cultural and entertainment districts to skip Iowa income tax on the first $25,000 of income from the sale of "a unique work of art."
This could have two tremendous effects on my practice. First, the deduction for appreciated self-created work of arts would finally enable me to realize my long held dream: opening the Digital Museum of Deductible Art.
Second, I consider everything I do to be a unique work of art, in its own way. I do almost all my work on a computer connected to the Internet, which is certainly worthy of designation as a cultural and entertainment district. That $25,000 tax exemption is as good as mine!
Tacks Shelter, Vol 2. Artist: J. Kristan. Estimated Fair Market Value: $25,000.
• Eye on the Legislature: 2007 Bookmark: del.icio.us • Digg • reddit
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