S.1792 - Art and Collectibles Capital Gains Tax Treatment Parity Act108th Congress (2003-2004)
|Sponsor:||Sen. Domenici, Pete V. [R-NM] (Introduced 10/28/2003)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 10/28/2003 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: S.1792 — 108th Congress (2003-2004)All Information (Except Text)
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.
Introduced in Senate (10/28/2003)
Establishes a (limited) fair market value deduction for qualifying literary, musical, artistic, or scholarly charitable contributions created and donated by the taxpayer.