Senators Scrutinize Tax Status of Private Museums

  • November 30, 2015 19:11

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The fall opening of The Broad in downtown Los Angeles, a $140 million new private museum housing the collection of Eli and Edythe Broad.
Eric Garcetti via Flickr

The Senate Finance Committee is reviewing the tax-exempt status of several private museums, questioning whether they provide the public with benefits that allow for the equivalent of a government subsidy, The New York Times reports.

Leading the inquiry is Utah Senator Orrin Hatch, the committee's Republican chairman, who said in an email statement: "Tax-exempt museums should focus on providing a public good and not the art of skirting around the tax code." 

Read more at New York Times


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