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United States · Bill · HR

H.R. 6057 (109th)

To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.

referredUnited States· United States Congress· EN

Introduced

12 September 2006

Last action

12 September 2006 · 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. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Neugebauer, Randy [R-TX-19], Rep. Gohmert, Louie [R-TX-1], Rep. Pitts, Joseph R. [R-PA-16], Rep. Poe, Ted [R-TX-2], Rep. Myrick, Sue Wilkins [R-NC-9], Rep. Feeney, Tom [R-FL-24], Rep. Wilson, Joe [R-SC-2], Rep. Miller, Gary G. [R-CA-42], Rep. Carter, John R. [R-TX-31], Rep. Franks, Trent [R-AZ-8], Rep. Goode, Virgil H., Jr. [R-VA-5], Rep. Bachus, Spencer [R-AL-6], Rep. Istook, Ernest J., Jr. [R-OK-5], Sen. Blackburn, Marsha [R-TN], Rescom. Fortuno, Luis G. [R-PR-At Large], Rep. Mack, Connie [R-FL-14], Rep. Sessions, Pete [R-TX-17], Rep. Paul, Ron [R-TX-14], Rep. King, Steve [R-IA-4], Rep. Conaway, K. Michael [R-TX-11], Rep. Knollenberg, Joe [R-MI-9], Rep. Weldon, Dave [R-FL-15], Rep. McHenry, Patrick T. [R-NC-10], Rep. Issa, Darrell [R-CA-48], Rep. Hall, Ralph M. [R-TX-4], Rep. Rogers, Mike J. [R-MI-8], Rep. Lewis, Ron [R-KY-2], Rep. Burton, Dan [R-IN-5], Rep. Tancredo, Thomas G. [R-CO-6], Rep. Gingrey, Phil [R-GA-11], Rep. Wamp, Zach [R-TN-3], Rep. Brady, Kevin [R-TX-8], Rep. Barrett, J. Gresham [R-SC-3], Rep. Sodrel, Michael E. [R-IN-9], Rep. Pearce, Stevan [R-NM-2], Rep. Tiahrt, Todd [R-KS-4], Rep. Ryan, Paul [R-WI-1], Rep. Price, Tom [R-GA-6], Rep. Marchant, Kenny [R-TX-24], Rep. Akin, W. Todd [R-MO-2], Rep. McCaul, Michael T. [R-TX-10], Rep. Green, Mark [R-WI-8], Rep. Musgrave, Marilyn N. [R-CO-4], Rep. Hayworth, J. D. [R-AZ-5], Rep. Simpson, Michael K. [R-ID-2]

Subjects

Taxation

Source updated

2 January 2025

Taxation

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Summary

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. 12 September 2006

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 12 September 2006

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 12 September 2006

    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 · 12 September 2006

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 September 2006

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 12 September 2006

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Sponsors

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Related records

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Sources

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