To amend the Internal Revenue Code of 1986 to provide for the indexing of the basis of certain assets.

Summary

Amends the Internal Revenue Code to require indexing, based on the gross national product deflator, of the adjusted basis of certain assets (corporate stock and tangible property that is a capital asset of property used in a trade or business) that have been held for more than one year at the time of sale or other transfer, solely for the purpose of determining gain or loss. Establishes special rules for property held less than three years.

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

Timeline

1. 10 July 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 10 July 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 10 July 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 July 1991

  Open at official source

Sponsors

• Rep. Rhodes, John J., III [R-AZ-1] · R · Sponsor
• Rep. Riggs, Frank [R-CA-1] · R · Cosponsor
• Rep. Goss, Porter J. [R-FL-13] · R · Cosponsor
• Rep. Fish, Hamilton, Jr. [R-NY-25] · R · Cosponsor
• Rep. Stump, Bob [R-AZ-3] · R · Cosponsor
• Rep. Meyers, Jan [R-KS-3] · R · Cosponsor
• Rep. Zimmer, Dick [R-NJ-12] · R · Cosponsor
• F. SENSENBRENNER · R · Cosponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Cosponsor
• Rep. Schiff, Steven [R-NM-1] · R · Cosponsor
• Rep. Zeliff, William H., Jr. [R-NH-1] · R · Cosponsor
• · hswm00 · Standing

Related records

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