U.S. Congress - S.394 Art and Collectibles Capital Gains Tax Treatment Parity Act
S.394 - Art and Collectibles Capital Gains Tax Treatment Parity Act
A bill to amend the Internal Revenue Code of 1986 to provide the same capital gains treatment for art and collectibles as for other investment property and to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literacy, musical, artistic, or scholarly compositions created by the donor. view all titles (2)
All Bill Titles
- Official: A bill to amend the Internal Revenue Code of 1986 to provide the same capital gains treatment for art and collectibles as for other investment property and to provide that a deduction equal to fair market value shall be allowed for charitable contributions of literacy, musical, artistic, or scholarly compositions created by the donor. as introduced.
- Short: Art and Collectibles Capital Gains Tax Treatment Parity Act as introduced.
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Official Summary
2/9/2009--Introduced.Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to: (1) eliminate the 28-percent capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15-percentOfficial Summary
2/9/2009--Introduced.Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to:(1) eliminate the 28-percent capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15-percent tax rate applicable to other investment property;
(2) allow the creator of a literary, musical, artistic, or scholarly property a fair market value tax deduction for the donation of such property to a tax-exempt organization, if properly appraised and donated no sooner than 18 months after its creation.
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H.R.1470: To amend title 5, United States Code, to extend the ...
CBO -Cost Estimate for: HR1470, S.629, S.680, S.782, S.300, S.394 ... •Cost Estimate for H.R. 1470, A bill to amend title 5, United States Code, to extend the probationary period applicable to appointments in the civil service, and for other purposes. Co
S.394: NOPEC - U.S. Congress - OpenCongress
•Cost Estimate for S. 394, No Oil Producing and Exporting Cartels Act of 2011. Cost estimate for the bill as ordered reported by the Senate Committee on the Judiciary on April 7, 2011 http://www.cbo.gov/doc.cfm?index= .
S.394: NOPEC - U.S. Congress - OpenCongress
•Cost Estimate for S. 394, No Oil Producing and Exporting Cartels Act of 2011. Cost estimate for the bill as ordered reported by the Senate Committee on the Judiciary on April 7, 2011 http://www.cbo.gov/doc.cfm?index= .
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