Skip to main content
HR 2017 115th Congress House Taxation Business investment and capital Capital gains tax Inflation and prices Securities Small business

Retirement Inflation Protection Act of 2017

Introduced: April 6, 2017 Introduced by: Emmer, Tom Republican · Minnesota See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2017
Referred to the House Committee on Ways and Means.
Apr 6, 2017
Introduced in House
 Plain-English summary Congressional Research Service

Retirement Inflation Protection Act of 2017

This bill amends the Internal Revenue Code to allow the adjusted basis of certain assets (including common stock in a C corporation and tangible property used in a trade or business) to be indexed for inflation for the purpose of determining the gain or loss of individuals who: (1) have held the asset for more than 3 years, and (2) have attained the age of 59-1/2 as of the date of the sale or other disposition of the asset.

The bill sets forth rules for applying the inflation adjustment to short sales, dispositions between related persons, and improvements to property or contributions of capital.

The Internal Revenue Service may disallow an adjustment if any person transfers cash, debt, or any other property to another person for the principal purpose of securing or increasing the adjustment allowed by this bill.

What's happening now April 6, 2017

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1