SECTION 4. DEFINITIONS

.01 The term ‘‘art’’ includes paintings, sculpture, watercolors, prints, drawings, ceramics, antique furniture, decorative arts, textiles, carpets, silver, rare manuscripts, historical memorabilia, and other similar objects.

.02 The term ‘‘taxpayer’’ includes an executor or administrator acting on behalf of an estate, and a donor of a gift.

.03 The term ‘‘valuation date’’ refers to the date of death, the alternate valuation date (as established under § 2032(a)), or the date of the gift.