Art and Collectibles Capital Gains Tax Treatment Parity Act

Summary

Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to: (1) eliminate the 28-percent capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15-percent tax rate applicable to other investment property; (2) allow the creator of a literary, musical, artistic, or scholarly property a fair market value tax deduction for the donation of such property to a tax-exempt organization, if properly appraised and donated no sooner than 18 months after its creation.

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Timeline

1. 7 June 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 June 2005

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 June 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 June 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 June 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 June 2005

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 7 June 2005

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Reynolds, Thomas M. [R-NY-26] · R · Sponsor
• Rep. Thompson, Mike [D-CA-4] · D · Sponsor
• Rep. Bishop, Timothy H. [D-NY-1] · D · Cosponsor
• Rep. Lantos, Tom [D-CA-12] · D · Cosponsor
• Sen. Udall, Tom [D-NM] · D · Cosponsor
• Rep. Harris, Katherine [R-FL-13] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Artists' Contribution to American Heritage Act of 2005
• related to ← Artist-Museum Partnership Act
• related to ← Art and Collectibles Capital Gains Tax Treatment Parity Act