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.
Actions
Jan 29, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1748-1849)
Jan 29, 2003
Sponsor introductory remarks on measure. (CR S1747-1748)