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H.R. 5838 117th Congress House

Capital Gains Inflation Relief Act of 2021

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

Introduced: November 3, 2021 Introduced by: Warren Davidson Republican · Ohio See on congress.gov
Taxation Bank accounts, deposits, capitalCapital gains taxDigital mediaEconomic performance and conditions
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Financial services and investmentsInflation and pricesProperty taxReal estate businessSecuritiesTax administration and collection, taxpayersTaxation of foreign income
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Nov 3, 2021
Referred to the House Committee on Ways and Means.
Nov 3, 2021
Introduced in House
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 Latest action November 3, 2021

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Capital Gains Inflation Relief Act of 2021

This bill allows the adjusted basis of certain assets (including any common stock in a C corporation, any digital asset, 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 1
  • S 3153 Identical bill Capital Gains Inflation Relief Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5838: Capital Gains Inflation Relief Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-5838/
MLA
"H.R. 5838: Capital Gains Inflation Relief Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-5838/.
Bluebook (legal)
H.R. 5838, 117th Cong. (2026), https://openamerica.io/bill/117-HR-5838/.
Markdown link
[H.R. 5838: Capital Gains Inflation Relief Act of 2021](https://openamerica.io/bill/117-HR-5838/)
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