Art and Collectibles Capital Gains Tax Treatment Parity Act
Latest action · Jan 29, 2003 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1748-1849)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 29, 2003
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Establishes a (limited) fair market value deduction for qualifying literary, musical, artistic, or scholarly charitable contributions created and donated by the taxpayer.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Jan 29, 2003 to Sep 23, 2003; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-UT | Robert F. Bennett | Original | Jan 29, 2003 |
| R-KY | Jim Bunning | Sep 15, 2003 | |
| R-VA | John Warner | Sep 16, 2003 | |
| R-PA | Rick Santorum | Sep 23, 2003 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jan 29, 2003 |
Actions 3
Everything that happened, newest first.
- Jan 29, 2003Introduced in Senate
- Jan 29, 2003Sponsor introductory remarks on measure. (CR S1747-1748)
- Jan 29, 2003Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1748-1849)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S1747Text printed S1748 | Pete V. Domenici R-NM (text) | Jan 29, 2003 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 108-244 | ENERGY AND WATER DEVELOPMENT APPROPRIATIONS FOR FISCAL YEAR 2004198 pages | Appropriations Committee | Mar 28, 2004 |
| S. Hrg. 108-224 | ENERGY AND WATER DEVELOPMENT APPROPRIATIONS FOR FISCAL YEAR 2004516 pages | Appropriations Committee | Mar 5, 2003–Apr 10, 2003 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1792 | Art and Collectibles Capital Gains Tax Treatment Parity Act | Related bill | Oct 28, 2003 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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 literary, musical, artistic, or scholarly compositions created by the donor.
- Short Titles as Introduced
- Art and Collectibles Capital Gains Tax Treatment Parity Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Agriculture and Food
- Alcoholic beverages
- Art
- Arts, Culture, Religion
- Authors and authorship
- Books
- Capital gains tax
- Charitable contributions
- Coins and coinage
- Commerce
- Copyright
- Finance and Financial Sector
- Gold
- Government Operations and Politics
- Income tax
- Intellectual property
- Jewelry trade
- Metals
- Music
- Platinum
- Postage stamps
- Precious metals
- Public Lands and Natural Resources
- Silver
- Tax deductions
- Tax rates
- Taxation
- Valuation
Text 1
Each version as it was printed, newest first.
- Jan 29, 2003Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.