S. 394 (111th): Art and Collectibles Capital Gains Tax Treatment Parity Act

Introduced:

Feb 9, 2009
111th Congress, 2009–2010

Status:
Died in a previous Congress

This bill was introduced on February 9, 2009, in a previous session of Congress, but was not enacted.

Sponsor:

Charles “Chuck” Schumer

Senator from New York

Democrat

Text:

Read Text »
Last Updated: Feb 9, 2009
Length: 7 pages

About the bill

Full Title

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 literacy, musical, artistic, or scholarly compositions created by the donor.

The bill’s titles are written by its sponsor.

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History

Feb 9, 2009
 
Introduced

This is the first step in the legislative process.

This page is about a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Links & tools

Primary Source

Congress.gov

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