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H.R. 6057 · 109th Congress

To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of…

Full title

To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.

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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

MPR PenceSponsor
97 cosponsors · 97 R
ECR Cantor JCR Carter TFR Feeney LGR Gohmert SMR Myrick GMR Miller RNR Neugebauer JPR Pitts TPR Poe FSR Sensenbrenner JWR Wilson SBR Bachus MBR Blackburn KCR Conaway TFR Franks LFR Fortuño VGR Goode RHR Hall EIR Istook DIR Issa JKR Knollenberg SKR King CMR Mack PMR McHenry RPR Paul MRR Rogers PSR Sessions DWR Weldon WAR Akin RBR Bartlett KBR Brady DBR Burton JGR Gresham Barrett RBR Bishop KCR Calvert JAR Ann Davis GDR Davis VFR Fossella JFR Flake JFR Forbes VFR Foxx WGR Gilchrest MGR Green SGR Garrett PGR Gingrey JDR Hayworth KHR Harris JHR Hensarling BJR Jindal JKR Kline RLR Lewis TMR McCotter MMR Musgrave MMR McCaul KMR Marchant BOR Otter SPR Pearce TPR Price PRR Ryan DRR Reichert MSR Souder MSR Simpson MSR Sodrel TTR Tiahrt TTR Tancredo ZWR Wamp RWR Wicker JBR Bonner CCR Cannon JCR Campbell JDR Doolittle DDR Dreier PER English MFR Foley BGR Goodlatte MKR Kennedy CNR Norwood DRR Rehberg CSR Stearns FUR Upton LWR Westmoreland JBR Biggert BCR Cubin PGR Gillmor WHR Herger JMR Miller CMR McMorris Rodgers TPR Petri JBR Boozman MBR Burgess JCR Culberson HHR Hyde RPR Pombo GRR Radanovich ERR Royce JSR Shadegg JWR Weller

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Amends the Internal Revenue Code to allow an inflation adjustment based upon the gross domestic product deflator to the adjusted basis of certain assets (including C corporation common stock and tangible property used in a trade or business) held by a taxpayer for more than three years for purposes of determining gain or loss on the sale or other…

What it does: CRS summary · Introduced in House · Sep 12, 2006

Amends the Internal Revenue Code to allow an inflation adjustment based upon the gross domestic product deflator to the adjusted basis of certain assets (including C corporation common stock and tangible property used in a trade or business) held by a taxpayer for more than three years for purposes of determining gain or loss on the sale or other disposition of such assets.

Sets forth rules for applying such inflation adjustment to short sales, regulated investment companies and real estate investment trusts, partnerships and other pass-thru entities, and dispositions of assets between related persons.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.

Latest action (Sep 12, 2006): Referred to the House Committee on Ways and Means.

Policy area: Taxation · Origin: House · Introduced: Sep 12, 2006

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.