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HR 1261 110th 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

Capital Gains Inflation Relief Act of 2007

Introduced: March 1, 2007 See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 2007
Referred to the House Committee on Ways and Means.
Mar 1, 2007
Introduced in House
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 Plain-English summary Congressional Research Service

Capital Gains Inflation Relief Act of 2007 - 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 March 1, 2007

Referred to the House Committee on Ways and Means.

 Related & companion bills 4
  • HR 5109 Related bill Economic Growth Act of 2008
  • S 2592 Related bill Economic Growth Act of 2008
  • S 892 Identical bill Capital Gains Inflation Relief Act of 2007
  • S 3535 Related bill A bill to amend the Internal Revenue Code of 1986 to index certain assets for purposes of determining gain or loss.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 15
All 15 Republican 15
R
Buchanan, Vern
Florida · Jun 11, 2007
 R
Wicker, Roger F.
Mississippi · May 9, 2007
 R
Sessions, Pete
Texas · May 1, 2007
 R
Smith, Adrian
Nebraska · Apr 18, 2007
 R
Issa, Darrell
California · Mar 29, 2007
 R
Calvert, Ken
California · Mar 15, 2007
 R
Carter, John R.
Texas · Mar 15, 2007
 R
Boozman, John
Arkansas · Mar 12, 2007
 R
Foxx, Virginia
North Carolina · Mar 9, 2007
 R
Jordan, Jim
Ohio · Mar 9, 2007
 R
McCaul, Michael T.
Texas · Mar 6, 2007
 R
Walberg, Tim
Michigan · Mar 6, 2007
 R
Wilson, Joe
South Carolina · Mar 6, 2007
 R
Blackburn, Marsha
Tennessee · Mar 5, 2007
 R
Simpson, Michael K.
Idaho · Mar 5, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1261: Capital Gains Inflation Relief Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-HR-1261/
MLA
"H.R. 1261: Capital Gains Inflation Relief Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-1261/.
Bluebook (legal)
H.R. 1261, 110th Cong. (2026), https://openamerica.io/bill/110-HR-1261/.
Markdown link
[H.R. 1261: Capital Gains Inflation Relief Act of 2007](https://openamerica.io/bill/110-HR-1261/)
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