Skip to main content
S 1792 108th Congress Senate

Art and Collectibles Capital Gains Tax Treatment Parity Act

Official 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 … Show full official titleShow less

Official 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 literary, musical, artistic, or scholarly compositions created by the donor.

Introduced: October 28, 2003 See on congress.gov
Taxation Agriculture and FoodAlcoholic beveragesArtArtists
More subjectsShow fewer subjects
Arts, Culture, ReligionAuthors and authorshipBooksCapital gains taxCharitable contributionsCoins and coinageCopyrightFinance and Financial SectorGovernment Operations and PoliticsGovernment paperworkIncome taxIntellectual propertyJewelry tradeLiteratureMetals
Sign in to write a letter Sign in to watch
This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 28, 2003
Read twice and referred to the Committee on Finance.
Oct 28, 2003
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action October 28, 2003

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
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.

 Related & companion bills 1
  • S 242 Related bill Art and Collectibles Capital Gains Tax Treatment Parity Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Crapo, Mike
Idaho · Mar 12, 2004
 D
Schumer, Charles E.
New York · Oct 28, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1792: Art and Collectibles Capital Gains Tax Treatment Parity Act. 108th Congress. Open America. https://openamerica.io/bill/108-S-1792/
MLA
"S. 1792: Art and Collectibles Capital Gains Tax Treatment Parity Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-1792/.
Bluebook (legal)
S. 1792, 108th Cong. (2026), https://openamerica.io/bill/108-S-1792/.
Markdown link
[S. 1792: Art and Collectibles Capital Gains Tax Treatment Parity Act](https://openamerica.io/bill/108-S-1792/)
Report a problem