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S. 374, The Art and Collectibles Capital Gains Tax Treatment Parity Act
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Visitor Comments
Jack Peverill
This bill makes a lot of sense, and would also be very good for charities who receive these works of art. Why isn't it moving through faster? Several influential democrats are supporting it
charles black
The existing law is prejudice to an to an old and accepted area of investment. There is no difference in investing in art than investing in real estate or stocks and should be allowed the same benifits.Those of us that make a living in art should have our field of livelyhood recogniged as important as other fields such as financial investors and rich brokers.It is as tangible a field as any hedge fund. Not only does the existing law hurt charity ,it hurts the artist, the art investor and an important contribution to socity as a whole.There is no justification for the IRS unfairely restricting this area of investment.