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- H.R.48
H.R.48: Inflation Tax Relief Act of 1993
About This Bill
- Introduced Jan. 5, 1993
- Latest Major Action Jan. 5, 1993
Bill Sponsor
Bill Cosponsors
4 (All Republicans)
Bill Summary
Inflation Tax Relief Act of 1993 - 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Jan. 5, 1993 |
Introduced in the House by Bill Archer (R-Texas) |