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FOR THE ARTS!

March 19, 2007

The noble effort to ~~provide me a lucrative retirement~~ encourage the arts in Iowa by providing artists a "fair market value" deduction for their own work continues its progress through the legislature. Now called HF 812, the bill improves on its predecessor (HF 411) by allowing all artists the deduction, rather than just those living in "cultural and entertainment districts." The first version of this bill passed the House Economic Development Committee; the current version is now at the Ways and Means Committee.

You can follow the progress of all 2007 tax action in the Iowa legislature at our 2007 Iowa Tax Legislation page.

Prior coverage: THE ART OF SPECIAL INTEREST LEGISLATING

Tacks Shelter, Vol 2. Artist: J. Kristan. Estimated Fair Market Value: $25,000.