Related Practices

Painters Deserve Their Deduction

The New York Times
April 29, 2017

Steptoe's Michael Rips, who is based in the firm's New York office, authored an op-ed for The New York Times titled “Painters Deserve Their Deduction.”   

In his op-ed, published on April 21, Mr. Rips writes: “Returning the market value deduction to artists, writers and composers would encourage them to donate culturally and historically significant works to American museums. This would not only relieve those institutions and the taxpayers who support them of the cost of purchasing such works, but also free those institutions to spend money on programs devoted to education and building.”