Bill > HR2945

Introduced Session

Capital Gains Inflation Relief Act of 2011 - 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.

Committee Categories

Roscoe Bartlett (R),  Joe Barton (R),  Brian Bilbray (R),  Marsha Blackburn (R),  Mo Brooks (R),  Dan Burton (R),  Francisco Canseco (R),  Steve Chabot (R),  Jason Chaffetz (R),  Mike Coffman (R),  Jeff Duncan (R),  Jeff Flake (R),  John Fleming (R),  Trent Franks (R),  Cory Gardner (R),  Sam Graves (R),  Tom Graves (R),  Michael Grimm (R),  Tim Huelskamp (R),  Randy Hultgren (R),  Darrell Issa (R),  Timothy Johnson (R),  Jack Kingston (R),  Doug Lamborn (R),  James Lankford (R),  Billy Long (R),  Blaine Luetkemeyer (R),  Cynthia Lummis (R),  Cathy McMorris Rodgers (R),  Gary Miller (R),  Jeff Miller (R),  Mick Mulvaney (R),  Mike Pence (R),  Joseph Pitts (R),  Reid Ribble (R),  Tim Scott (R),  F. James Sensenbrenner (R),  Mike Simpson (R),  Steve Southerland (R),  Marlin Stutzman (R),  Joe Walsh (R),  Lynn Westmoreland (R),  Kevin Yoder (R), 

Referred to the House Committee on Ways and Means. (on 09/15/2011)

Official Document