H.R. 2945 · 112th Congress
Capital Gains Inflation Relief Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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WalshSponsor42 cosponsors · 42 R
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Long
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Pence
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Blackburn
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Brooks
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Huelskamp
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Hultgren
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Kingston
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Yoder
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Burton
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Lamborn
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Lummis
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Johnson
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Miller
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Chabot
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Ribble0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Capital Gains Inflation Relief Act of 2011 - 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…
What it does: CRS summary · Introduced in House · Sep 15, 2011
Capital Gains Inflation Relief Act of 2011 - 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: Capital Gains Inflation Relief Act of 2011
Latest action (Sep 15, 2011): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Sep 15, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.