[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5814 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 5814

  To prohibit the implementation of unrealized capital gains taxation.


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                    IN THE HOUSE OF REPRESENTATIVES

                            November 2, 2021

     Mr. Donalds (for himself, Mrs. Cammack, Mrs. Harshbarger, Mr. 
 Fitzgerald, Mr. Jackson, Mr. Owens, Mr. Timmons, Mr. Budd, Mr. Rose, 
 and Mr. Webster of Florida) introduced the following bill; which was 
              referred to the Committee on Ways and Means

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                                 A BILL


 
  To prohibit the implementation of unrealized capital gains taxation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prohibiting Unrealized Capital Gains 
Taxation Act''.

SEC. 2. PROHIBITION ON THE IMPLEMENTATION OF NEW FEDERAL REQUIREMENTS 
              TO TAX UNREALIZED CAPITAL GAINS.

    The Secretary of the Treasury (including any delegate of the 
Secretary) or any other Federal Government official shall not require 
or impose the implementation of taxation on unrealized capital gains, 
from any taxable asset, including but not limited to covered and 
noncovered tradable assets, gifts, bequests, and transfers in trust, 
except to the extent that such reporting is required under any program, 
or other provision of law, as in effect on October 15, 2021.
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