H.R.1261 - Capital Gains Inflation Relief Act of 2007

To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss. view all titles (2)

All Bill Titles

  • Short: Capital Gains Inflation Relief Act of 2007 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss. as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 2
  • Past Seven Days: 3
  • All-Time: 4,876
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/01/07
 
 
 
 
 
 
 

Official Summary

Capital Gains Inflation Relief Act of 2007 - 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

Official Summary

Capital Gains Inflation Relief Act of 2007 - 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.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC