Capital Gains Inflation Relief Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 798 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 798 To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 27, 2025 Mr. Cruz (for himself and Mr. Tillis) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss. 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 ``Capital Gains Inflation Relief Act of 2025''. SEC. 2. INDEXING OF CERTAIN ASSETS FOR PURPOSES OF DETERMINING GAIN OR LOSS. (a) In General.--Part II of subchapter O of chapter 1 of the Internal Revenue Code of 1986 (relating to basis rules of general application) is amended…