HR 712 · 97th 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.

Introduced 1981-01-06· Sponsored by Rep. Brown, Clarence, Jr. [R-OH-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-01-06)

Plain Language Summary

[AI summary unavailable — showing source text] 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