There was good news for artists and arts institutions last week in
the Senate. On November 17, the Senate passed S. 2020, the Tax Relief
Act of 2005, with legislation included to provide artists with a full
fair-market value charitable deduction for the donated gifts of their
works to museum and library collections.
got this from Dana Singer at SNAG. Basically it improves the reasons
an artist might donate to charity, artists would get a better
recognition of the work that went into a donated piece. If you are
interested you might want to contact your politician.