To amend the Internal Revenue Code of 1986 to index the basis of capital assets.

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 2 March 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 2 March 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 March 1989

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 March 1989

  Open at official source

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Sponsors

• Rep. Dornan, Robert K. [R-CA-46] · R · Sponsor
• Rep. Rohrabacher, Dana [R-CA-48] · R · Cosponsor
• Rep. Dannemeyer, William E. [R-CA-39] · R · Cosponsor
• Rep. Paxon, Bill [R-NY-27] · R · Cosponsor
• Rep. McEwen, Bob [R-OH-6] · R · Cosponsor
• Sen. Craig, Larry E. [R-ID] · R · Cosponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Cosponsor
• Sen. Inhofe, James M. [R-OK] · R · Cosponsor
• · hswm00 · Standing

Related records

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