3.0.0 2017 2023-01-11T13:36:01Z 2023-01-11T13:36:01Z House HR 2017-04-06 115 [Congressional Record Volume 163, Number 60 (Thursday, April 6, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. EMMER:H.R. 2017.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18[Page H2791]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-04-06T13:09:50Z Capital Gains Inflation Relief Act 115 6444 HR 2018-07-19 Referred to the House Committee on Ways and Means. Related bill CRS Capital Gains Inflation Relief Act of 2018 115 2688 S 2018-04-17 Read twice and referred to the Committee on Finance. Related bill CRS 2017-04-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-04-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-06 Introduced in House IntroReferral 1000 9 Library of Congress E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 N Taxation Business investment and capital Capital gains tax Inflation and prices Securities Small business Taxation 00 2017-04-06 Introduced in House 2017-04-25T21:07:56Z Retirement Inflation Protection Act of 2017

This bill amends the Internal Revenue Code to allow the adjusted basis of certain assets (including common stock in a C corporation and tangible property used in a trade or business) to be indexed for inflation for the purpose of determining the gain or loss of individuals who: (1) have held the asset for more than 3 years, and (2) have attained the age of 59-1/2 as of the date of the sale or other disposition of the asset.

The bill sets forth rules for applying the inflation adjustment to short sales, dispositions between related persons, and improvements to property or contributions of capital.

The Internal Revenue Service may disallow an adjustment if any person transfers cash, debt, or any other property to another person for the principal purpose of securing or increasing the adjustment allowed by this bill.

]]> Retirement Inflation Protection Act of 2017 Display Title Retirement Inflation Protection Act of 2017 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 of eligible individuals. Introduced in House IH Short Titles as Introduced Retirement Inflation Protection Act of 2017 Introduced in House 2017-04-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2017ih/xml/BILLS-115hr2017ih.xml 2017-04-06 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.