S. 242 · 108th Congress
Art and Collectibles Capital Gains Tax Treatment Parity Act
- Stage
- In committee
- Sponsor
- Pete Domenici
- Introduced
- 2003-01-29
- Latest action
- 2003-01-29 · Introduced in Senate
Summary
Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to provide art and collectibles with the same capital gain rates as other assets held long-term.Establishes a (limited) fair market value deduction for qualifying literary, musical, artistic, or scholarly charitable contributions created and donated by the taxpayer.