HR 2945
112th Congress
House
Taxation
Capital gains tax
Inflation and prices
Capital Gains Inflation Relief Act of 2011
Introduced: September 15, 2011
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 15, 2011
Referred to the House Committee on Ways and Means.
Sep 15, 2011
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1