How People Voted
45% For, 55% Against
22 votes cast
S. 394, The Art and Collectibles Capital Gains Tax Treatment Parity Act (4 comments ↓)
- This item is from the 111th Congress (2009-2010) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
- This bill, or a similar bill, was reintroduced in the current Congress as S. 930, The Art and Collectibles Capital Gains Tax Treatment Parity Act.
S. 394 would 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.