United States · Bill · S
S. 242 (108th)
Art and Collectibles Capital Gains Tax Treatment Parity Act
Introduced
29 January 2003
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1748-1849)
Sponsors
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Subjects
Discovery layer
Source updated
10 February 2026
Summary
Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to provide art and collectibles with the same capital gain rates as other assets held long-term. Establishes a (limited) fair market value deduction for qualifying literary, musical, artistic, or scholarly charitable contributions created and donated by the taxpayer.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 29 January 2003
Introduced in Senate (PDF)
Introduced in Senate · EN · 29 January 2003
Introduced in Senate
summary · EN · 29 January 2003
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/108th-congress/senate-bill/242
- Open data entity: https://api.congress.gov/v3/bill/108/s/242