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S 2688 115th Congress Senate

Capital Gains Inflation Relief Act of 2018

Official title: A bill to amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.

Introduced: April 17, 2018 Introduced by: Cruz, Ted Republican · Texas See on congress.gov
Taxation Bank accounts, deposits, capitalCapital gains taxEconomic performance and conditionsFinancial services and investments
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Inflation and pricesProperty taxReal estate businessTax administration and collection, taxpayersTaxation of foreign income
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Apr 17, 2018
Read twice and referred to the Committee on Finance.
Apr 17, 2018
Introduced in Senate
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 Latest action April 17, 2018

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Capital Gains Inflation Relief Act of 2018

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 a taxpayer (other than a corporation) who has held the asset for more than three years.

The bill sets forth rules for applying the inflation adjustment to:

  • short sales;
  • regulated investment companies;
  • real estate investment trusts;
  • other pass-through entities, including partnerships, S corporations, and common trust funds;
  • 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.

 Related & companion bills 2
  • HR 2017 Related bill Retirement Inflation Protection Act of 2017
  • HR 6444 Related bill Capital Gains Inflation Relief Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2688: Capital Gains Inflation Relief Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-2688/
MLA
"S. 2688: Capital Gains Inflation Relief Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2688/.
Bluebook (legal)
S. 2688, 115th Cong. (2026), https://openamerica.io/bill/115-S-2688/.
Markdown link
[S. 2688: Capital Gains Inflation Relief Act of 2018](https://openamerica.io/bill/115-S-2688/)
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