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| Art and Collectibles Captial Gains Tax Treatment Parity Act |
| Date Introduced: 06/07/05 |
| Bill Number: S.1186 |
Description: Senator Allard is a CO-SPONSOR
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.
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