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- S.3153
S.3153: Capital Gains Inflation Relief Act of 2021
About This Bill
- Introduced Nov. 3, 2021
- Latest Major Action Nov. 3, 2021
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (All Republicans)
Bill Version
- Introduced in Senate - Nov. 3, 2021
Bill Summary
Capital Gains Inflation Relief Act of 2021 This bill allows the adjusted basis of certain assets (including any common stock in a C corporation, any digital asset, and tangible property used in a trade or business) to be indexed for inflation for the purpose of determining the gain or loss of a taxpayer (other than a corporation) who has held the asset for more than three years. The bill sets forth rules for applying the inflation adjustment...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Nov. 3, 2021 |
Read twice and referred to the Committee on Finance.
|
| Nov. 3, 2021 |
Introduced in the Senate by Ted Cruz (R-Texas) |