3.0.0 930 2019-02-20T23:06:02Z 2019-02-24T00:06:21Z Senate S S 2011-05-10 112 ssfi00 Finance Committee Senate Standing Referred to 2011-05-10T19:04:22Z 112 1190 HR 2011-03-17 Referred to the House Committee on Ways and Means. Related bill CRS 2011-05-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-05-10 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2011-05-10 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2012-05-23 False Taxation Art, artists, authorship Capital gains tax Income tax deductions Income tax rates Literature Music Social work, volunteer service, charitable organizations Taxation

00 2011-05-10 Introduced in Senate 2011-06-23T17:53:21Z Art and Collectibles Capital Gains Tax Treatment Parity Act - Amends the Internal Revenue Code to: (1) eliminate the 28% capital gains tax rate for collectibles, thus allowing gain from the sale of collectibles (including art works) to be taxed at the 15% tax rate applicable to other investment property; and (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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Short Titles as Introduced Display Title Official Title as Introduced Introduced in Senate 2011-05-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s930is/xml/BILLS-112s930is.xml 2011-05-10 Read twice and referred to the Committee on Finance. 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.