3.0.0 2945 2023-01-11T13:22:23Z 2023-01-11T13:22:23Z House H HR 2011-09-15 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WALSH of Illinois:H.R. 2945.Congress has the power to enact this legislation pursuantto the following:``The Congress shall have the power to lay and collecttaxes, duties, imposts and excises,,,'' Article I Section 8of the U.S. Constitution.[Page H6232]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-09-15T13:03:10Z Fair and Simple Tax Act of 2011 112 99 HR 2011-01-05 Referred to the House Committee on Ways and Means. Related bill CRS Jobs Through Growth Act 112 3400 HR 2011-11-29 Referred to the Subcommittee on Energy and Mineral Resources. Related bill CRS Grow America Act of 2012 112 2199 S 2012-03-15 Read twice and referred to the Committee on Finance. Related bill CRS 2011-09-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-09-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-09-15 Introduced in House IntroReferral 1000 9 Library of Congress W000811 Rep. Walsh, Joe [R-IL-8] Joe Walsh R IL 8 N L000576 Rep. Long, Billy [R-MO-7] Billy Long R MO 7 2011-10-04 False W000796 Rep. Westmoreland, Lynn A. [R-GA-3] Lynn Westmoreland R GA A. 3 2011-10-04 False C001076 Rep. Chaffetz, Jason [R-UT-3] Jason Chaffetz R UT 3 2011-10-04 False P000587 Rep. Pence, Mike [R-IN-6] MIKE PENCE R IN 6 2011-10-04 False M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2011-10-05 False B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 2011-10-05 False P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2011-10-05 False H001057 Rep. Huelskamp, Tim [R-KS-1] Tim Huelskamp R KS 1 2011-10-05 False B000208 Rep. Bartlett, Roscoe G. [R-MD-6] ROSCOE BARTLETT R MD G. 6 2011-10-05 False S001186 Rep. Southerland, Steve II [R-FL-2] Steve Southerland R FL 2 2011-10-05 False K000220 Rep. Kingston, Jack [R-GA-1] JACK KINGSTON R GA 1 2011-10-05 False H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2011-10-05 False Y000063 Rep. Yoder, Kevin [R-KS-3] Kevin Yoder R KS 3 2011-10-05 False B000461 Rep. Bilbray, Brian P. [R-CA-50] BRIAN BILBRAY R CA P. 50 2011-10-05 False B001274 Rep. Brooks, Mo [R-AL-5] Mo Brooks R AL 5 2011-10-05 False G000560 Rep. Graves, Tom [R-GA-9] Tom Graves R GA 9 2011-10-12 False I000056 Rep. Issa, Darrell E. [R-CA-49] DARRELL ISSA R CA E. 49 2011-10-12 False F000456 Rep. Fleming, John [R-LA-4] John Fleming R LA 4 2011-10-12 False D000615 Rep. Duncan, Jeff [R-SC-3] Jeff Duncan R SC 3 2011-10-12 False F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2011-10-12 False G000562 Rep. Gardner, Cory [R-CO-4] Cory Gardner R CO 4 2011-10-12 False C001082 Rep. Canseco, Francisco "Quico" [R-TX-23] Francisco Canseco R TX Quico 23 2011-10-13 False L000569 Rep. Luetkemeyer, Blaine [R-MO-9] Blaine Luetkemeyer R MO 9 2011-10-25 False L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2011-10-25 False M001159 Rep. McMorris Rodgers, Cathy [R-WA-5] Cathy McMorris Rodgers R WA 5 2011-10-25 False B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2011-10-25 False G000569 Rep. Grimm, Michael G. [R-NY-13] Michael Grimm R NY G. 13 2011-10-25 False S001184 Rep. Scott, Tim [R-SC-1] Tim Scott R SC 1 2011-10-25 False G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2011-10-25 False S001188 Rep. Stutzman, Marlin A. [R-IN-3] Marlin Stutzman R IN A. 3 2011-10-26 False L000571 Rep. Lummis, Cynthia M. [R-WY-At Large] Cynthia Lummis R WY M. 0 2011-10-26 False B000213 Rep. Barton, Joe [R-TX-6] JOE BARTON R TX L. 6 2011-10-26 False L000575 Rep. Lankford, James [R-OK-5] James Lankford R OK 5 2011-10-27 False S001148 Rep. Simpson, Michael K. [R-ID-2] MICHAEL SIMPSON R ID K. 2 2011-11-03 False J000285 Rep. Johnson, Timothy V. [R-IL-15] TIMOTHY JOHNSON R IL V. 15 2011-11-03 False S000244 Rep. Sensenbrenner, F. James, Jr. [R-WI-5] F. SENSENBRENNER R WI JAMES 5 2011-11-04 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2011-11-10 False M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2011-11-10 False M001144 Rep. Miller, Jeff [R-FL-1] Jeff Miller R FL 1 2011-11-14 False C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2011-11-16 False F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 2011-12-02 False R000587 Rep. Ribble, Reid J. [R-WI-8] Reid Ribble R WI J. 8 2012-02-01 False Taxation Capital gains tax Inflation and prices Taxation 00 2011-09-15 Introduced in House 2011-10-07T14:29:10Z 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.

]]> Capital Gains Inflation Relief Act of 2011 Display Title Capital Gains Inflation Relief Act of 2011 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss. Introduced in House IH Short Titles as Introduced Capital Gains Inflation Relief Act of 2011 Introduced in House 2011-09-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2945ih/xml/BILLS-112hr2945ih.xml 2011-09-15 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.