LA-based artist Jeffrey Vallance is proposing the creation of a federal bill that would create a benefit fund for all living visual artists in the United States.
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The bill under discussion proposes a solution to the lack of an effective cultural policy on the federal level. It proposes a 1% tax on the sale of all art in the United States to fund a program to benefit individual artists. Annual disbursements from this fund would be paid to eligible artists living in the US. Eligibility would be awarded to those who file as visual artists on their tax forms and have evidence of an exhibition history.
Additionally, the new legislation would create an artist registry organization that would administer the annual payments. The organization would also assist with the enforcement and efficacy of resale royalty laws like the California Resale Royalties Act (Civil Code 986), which requires a 5% royalty from sales of $1,000 or more to be paid to the artist or
their estate.