United States · Bill · HR
H.R. 1242 (101st)
To amend the Internal Revenue Code of 1986 to index the basis of capital assets.
Introduced
2 March 1989
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Internal Revenue Code to require indexing, based on the Consumer Price Index, of the adjusted basis of capital assets that have been held for more than one year, for the purpose of determining capital gain or loss at the time of transfer.
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Votes
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Versions
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 2 March 1989
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/1242
- Open data entity: https://api.congress.gov/v3/bill/101/hr/1242