3.0.0 374 2023-01-11T20:04:55Z 2023-01-11T20:04:55Z Senate S S 2007-01-24 110 ssfi00 Finance Committee Senate Standing Referred to 2007-01-24T18:30:41Z 110 1524 HR 2007-03-14 Referred to the House Committee on Ways and Means. Related bill CRS 110 548 S 2007-02-12 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1852-1853) Related bill CRS 2007-01-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1060-1061) IntroReferral 2007-01-24 Sponsor introductory remarks on measure. (CR S1059-1060) IntroReferral B00100 9 Library of Congress 2007-01-24 Introduced in Senate IntroReferral 10000 9 Library of Congress D000407 Sen. Domenici, Pete V. [R-NM] PETE DOMENICI R NM VICHI N S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2007-01-24 True C000858 Sen. Craig, Larry E. [R-ID] LARRY CRAIG R ID EDWIN 2007-01-24 True C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R 2007-01-24 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2007-01-24 True A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2007-01-24 True C000567 Sen. Cochran, Thad [R-MS] Thad Cochran R MS 2007-01-26 False W000154 Sen. Warner, John [R-VA] JOHN WARNER R VA WILLIAM 2007-02-01 False Taxation Art Arts, Culture, Religion Capital gains tax Charitable contributions Income tax Literature Music Tax deductions Tax rates Taxation

00 2007-01-24 Introduced in Senate 2007-02-01T21:13:37Z 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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Official Title as Introduced Introduced in Senate IS Display Title Short Titles as Introduced Introduced in Senate 2007-01-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s374is/xml/BILLS-110s374is.xml 2007-01-24 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1060-1061) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.