HR 6057
109th Congress
House
Taxation
Capital gains tax
Commerce
Economics and Public Finance
Finance and Financial Sector
Income tax
Indexing (Economic policy)
Inflation
Losses
Mutual funds
Partnerships
Real estate investment
Small business
Stocks
Valuation
To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.
Introduced: September 12, 2006
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 12, 2006
Referred to the House Committee on Ways and Means.
Sep 12, 2006
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1