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- S.930
S.930: Art and Collectibles Capital Gains Tax Treatment Parity Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced May 10, 2011
- Latest Major Action May 10, 2011
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to: (1) eliminate the 28% capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15% tax rate applicable to other investment property; and (2) allow the creator of a literary, musical, artistic, or scholarly property a fair market value tax deduction for the donation of such...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
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|
| May 10, 2011 |
Introduced in the Senate by Charles E. Schumer (D-N.Y.) |