Summary: S.1792 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for S.1792. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (10/28/2003)

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.