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 title was written by its sponsor.

Read CRS Summary >

History

Feb 9, 2009
 
Introduced

This is the first step in the legislative process.

This is a Senate bill in the United States Congress (indicated by the “S.” in “S. 394”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Details

Cosponsors
2 cosponsors (1R, 1D) (show)
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.

Votes

There have been no roll call votes related to this bill.

Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

S. 930 (112th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: May 10, 2011

H.R. 1126 (Related)
Artist-Museum Partnership Act of 2009

Referred to Committee
Last Action: Feb 23, 2009

Search for similar bills.

Links & tools

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Citation

Click a format for a citation suggestion: