H.R. 2945 (112th): Capital Gains Inflation Relief Act of 2011

Introduced:
Sep 15, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Joe Walsh [R-IL8]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on September 15, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 15, 2011
Referred to Committee Sep 15, 2011
Cosponsors
42 cosponsors (42R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

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

Summary

No summaries available.

Text

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Last updated Sep 15, 2011.
16 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/15/2011--Introduced.
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.

House Republican Conference Summary

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House Democratic Caucus Summary

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