HR 174 · 96th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide for the indexing of certain assets for purposes of determining gain or loss.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1979-01-15)
Plain Language Summary
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Amends the Internal Revenue Code to require a cost-of-living adjustment, based on the Consumer Price Index, to the adjusted basis of a capital asset at the time of its sale or exchange, for purposes of determining gain or loss on such asset.…
Summarized by Claude AI · Non-partisan · For informational purposes only