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United States · Bill · HR

H.R. 1261 (110th)

Capital Gains Inflation Relief Act of 2007

referredUnited States· United States Congress· EN

Introduced

1 March 2007

Last action

1 March 2007 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Pence, Mike [R-IN-6], Rep. Cantor, Eric [R-VA-7], Rep. Gohmert, Louie [R-TX-1], Rep. Culberson, John Abney [R-TX-7], Rep. Franks, Trent [R-AZ-8], Rep. Hall, Ralph M. [R-TX-4], Rep. Pearce, Stevan [R-NM-2], Rep. Miller, Jeff [R-FL-1], Rep. Akin, W. Todd [R-MO-2], Sen. Blackburn, Marsha [R-TN], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Gilchrest, Wayne T. [R-MD-1], Rep. Herger, Wally [R-CA-2], Rep. Simpson, Michael K. [R-ID-2], Rep. King, Steve [R-IA-4], Rep. Mack, Connie [R-FL-14], Rep. Walberg, Tim [R-MI-5], Rep. Cannon, Chris [R-UT-3], Rep. Davis, Geoff [R-KY-4], Rep. Terry, Lee [R-NE-2], Rep. Wilson, Joe [R-SC-2], Rep. Myrick, Sue Wilkins [R-NC-9], Rep. Marchant, Kenny [R-TX-24], Rep. Doolittle, John T. [R-CA-4], Rep. McCaul, Michael T. [R-TX-10], Rep. Goodlatte, Bob [R-VA-6], Rep. Goode, Virgil H., Jr. [R-VA-5], Rep. Miller, Gary G. [R-CA-42], Rep. Hensarling, Jeb [R-TX-5], Rep. McCotter, Thaddeus G. [R-MI-11], Rep. Foxx, Virginia [R-NC-5], Rep. Jordan, Jim [R-OH-4], Rep. Neugebauer, Randy [R-TX-19], Sen. Boozman, John [R-AR], Rep. English, Phil [R-PA-3], Rep. Calvert, Ken [R-CA-41], Rep. Carter, John R. [R-TX-31], Rep. Pitts, Joseph R. [R-PA-16], Rep. McHenry, Patrick T. [R-NC-10], Rep. Royce, Edward R. [R-CA-39], Rep. Musgrave, Marilyn N. [R-CO-4], Sen. Flake, Jeff [R-AZ], Rep. Rogers, Mike J. [R-MI-8], Rep. Garrett, Scott [R-NJ-5], Rep. Putnam, Adam H. [R-FL-12], Rep. Radanovich, George [R-CA-19], Rep. Davis, Jo Ann [R-VA-1], Rep. Issa, Darrell [R-CA-48]

Subjects

Taxation

Source updated

5 December 2025

Taxation

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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.

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

Timeline

  1. 1 March 2007

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 1 March 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 1 March 2007

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 1 March 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 1 March 2007

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  • Introduced in House

    summary · EN · 1 March 2007

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Sponsors

Showing 48 of 90 sponsors and actors.

Related records

Sources

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