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.
Feb 9, 2009
111th Congress, 2009–2010
Died in a previous Congress
This bill was introduced on February 9, 2009, in a previous session of Congress, but was not enacted.
Senator from New York
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Last Updated: Feb 9, 2009
Length: 7 pages
This is the first step in the legislative process.
Reintroduced Bill — Introduced
This activity took place on a related bill, S. 930 (112th).
S. 394 (111th) was 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.
This bill was introduced in the 111th Congress, which met from Jan 6, 2009 to Dec 22, 2010. Legislation not enacted by the end of a Congress is cleared from the books.
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We recommend the following MLA-formatted citation when using the information you see here in academic work:
Civic Impulse. (2017). S. 394 — 111th Congress: Art and Collectibles Capital Gains Tax Treatment Parity Act. Retrieved from https://www.govtrack.us/congress/bills/111/s394
“S. 394 — 111th Congress: Art and Collectibles Capital Gains Tax Treatment Parity Act.” www.GovTrack.us. 2009. February 28, 2017 <https://www.govtrack.us/congress/bills/111/s394>
|title=S. 394 (111th)
|accessdate=February 28, 2017
|author=111th Congress (2009)
|date=February 9, 2009
|quote=Art and Collectibles Capital Gains Tax Treatment Parity Act
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