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Capital Gains Inflation Relief Act
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Capital Gains Inflation Relief Act 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 a taxpayer (other than a corporation) who has held the asset for more than three years. The bill sets forth rules for applying the inflation adjustment to: short sales; regulated investment companies; real estate investment trusts; other pass-through entities, including partnerships, S corporations, and common trust funds; 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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (4)
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 2916 (Charities Helping Americans Regularly Throughout the Year Act of 2017); H.R. 5003 (To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds); H.R. 6250 (To amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes); H.R. 6444 (Capital Gains Inflation Relief Act); S. 1343 (Charities Helping Americans Regularly Throughout the Year Act of 2017); S. 3145 (A bill to amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes); Tax treatment of capital gains and dividends; Tax classification of independent contractors; United States individual and business taxation; Tax reform legislation; Issues related to taxation of securities transactions, including market to market for derivatives; Chapters 3 and 4 of Subtitle A of the Internal Revenue Code (responsibilities of financial institutions); Proposals to modify tax incentives for retirement savings and investment; Infrastructure tax; Executive Order 13789 (Identifying and Reducing Tax Regulatory Burdens); Regulations under the Foreign Account Taxpayer Compliance Act (FATCA); Regulations implementing P.L. 115-97, Dec. 22, 2017, including regulations and guidance relating to IRC Sections 59A, 162(f), 163(j), 451, 199A, 512, 904, 951A, 958, and 1446; Rev. Rul. 2018-24 relating to the proposed exchange of Freddie Mac Participation Certificates for Universal Mortgage Backed Securities; Taxation of contract modifications associated with transition from LIBOR to alternative reference rates, including SOFR; Regulations under IRC Sec. 871(m) and IRC Sec. 385; International tax reform; Legislation to modify IRC Sec 1446(f) relating to withholding on partnership interests that are not publicly traded; Technical and policy modifications to P.L. 115-97.
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $2,090,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · fourth_quarter · Taxation/Internal Revenue Code
Implementation of PL 115-97 - including international tax issues and interest expense deductibility. H.R. 6760, H.R. 6757, H.R. 6756 - Tax Reform 2.0 - entire bills. H.R. 6444 - Capital Gains Relief Act - entire bill.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
Implementation of PL 115-97 including international tax issues and interest expense deductibility. H.R. 6760, H.R. 6757 and H.R. 6756 - Tax Reform 2.0 -entire bills. H.R. 6444 - Capital Gains Inflation Relief Act - entire bill.
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 2916 (Charities Helping Americans Regularly Throughout the Year Act of 2017); H.R. 5003 (To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds); H.R. 6250 (To amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes); H.R. 6444 (Capital Gains Inflation Relief Act); S. 1343 (Charities Helping Americans Regularly Throughout the Year Act of 2017); S. 3145 (A bill to amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes); Tax treatment of capital gains and dividends; Tax classification of independent contractors; United States individual and business taxation; Tax reform legislation; Issues related to taxation of securities transactions, including market to market for derivatives; Chapters 3 and 4 of Subtitle A of the Internal Revenue Code (responsibilities of financial institutions); Proposals to modify tax incentives for retirement savings and investment; Infrastructure tax; Executive Order 13789 (Identifying and Reducing Tax Regulatory Burdens); Regulations under the Foreign Account Taxpayer Compliance Act (FATCA); Regulations implementing P.L. 115-97, Dec. 22, 2017, including regulations and guidance relating to IRC Sections 59A, 162(f), 163(j), 451, 199A, 512, 904, 951A, 958, and 1446; Rev. Rul. 2018-24 relating to the proposed exchange of Freddie Mac Participation Certificates for Universal Mortgage Backed Securities; Taxation of contract modifications associated with transition from LIBOR to alternative reference rates, including SOFR; Regulations under IRC Sec. 871(m) and IRC Sec. 385; International tax reform; Legislation to modify IRC Sec 1446(f) relating to withholding on partnership interests that are not publicly traded; Technical and policy modifications to P.L. 115-97.
Client expense: $2,090,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 2916 (Charities Helping Americans Regularly Throughout the Year Act of 2017); H.R. 5003 (To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds); H.R. 6250 (To amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes); H.R. 6444 (Capital Gains Inflation Relief Act); S. 1343 (Charities Helping Americans Regularly Throughout the Year Act of 2017); S. 3145 (A bill to amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes); Tax treatment of capital gains and dividends; Tax classification of independent contractors; United States individual and business taxation; Tax reform legislation; Issues related to taxation of securities transactions, including market to market for derivatives; Chapters 3 and 4 of Subtitle A of the Internal Revenue Code (responsibilities of financial institutions); Proposals to modify tax incentives for retirement savings and investment; Infrastructure tax; Executive Order 13789 (Identifying and Reducing Tax Regulatory Burdens); Regulations under the Foreign Account Taxpayer Compliance Act (FATCA); Regulations implementing P.L. 115-97, Dec. 22, 2017, including regulations and guidance relating to IRC Sections 59A, 162(f), 163(j), 451, 199A, 512, 904, 951A, 958, and 1446; Rev. Rul. 2018-24 relating to the proposed exchange of Freddie Mac Participation Certificates for Universal Mortgage Backed Securities; Taxation of contract modifications associated with transition from LIBOR to alternative reference rates, including SOFR; Regulations under IRC Sec. 871(m) and IRC Sec. 385; International tax reform; Legislation to modify IRC Sec 1446(f) relating to withholding on partnership interests that are not publicly traded; Technical and policy modifications to P.L. 115-97.
Client expense: $2,090,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
Like Kind Exchanges Sales Tax Fairness Proposals (S. 976, H.R. 2193) International Tax Reform Tax Reform (Rules Committee Print 115-87, in relation to H.R. 88) Tax Depreciation-Cost Recovery Technical Corrections Act Capital Gains Indexing (H.R. 6444, S. 2688) REIT Parity Act (H.R. 4531) Ending Tax Breaks for Private Prisons Act (HR 4255, S 2075)
Client expense: $685,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2018 · fourth_quarter · Taxation/Internal Revenue Code
Implementation of PL 115-97 - including international tax issues and interest expense deductibility. H.R. 6760, H.R. 6757, H.R. 6756 - Tax Reform 2.0 - entire bills. H.R. 6444 - Capital Gains Relief Act - entire bill.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
Implementation of PL 115-97 including international tax issues and interest expense deductibility. H.R. 6760, H.R. 6757 and H.R. 6756 - Tax Reform 2.0 -entire bills. H.R. 6444 - Capital Gains Inflation Relief Act - entire bill.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
H.R. 1 (An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018); H.R. 2916 (Charities Helping Americans Regularly Throughout the Year Act of 2017); H.R. 5003 (To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds); H.R. 6250 (To amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes); H.R. 6444 (Capital Gains Inflation Relief Act); S. 1343 (Charities Helping Americans Regularly Throughout the Year Act of 2017); S. 3145 (A bill to amend the Internal Revenue Code of 1986 to provide for lifelong learning accounts, and for other purposes); Tax treatment of capital gains and dividends; Tax classification of independent contractors; United States individual and business taxation; Tax reform legislation; Issues related to taxation of securities transactions, including market to market for derivatives; Chapters 3 and 4 of Subtitle A of the Internal Revenue Code (responsibilities of financial institutions); Proposals to modify tax incentives for retirement savings and investment; Infrastructure tax; Executive Order 13789 (Identifying and Reducing Tax Regulatory Burdens); Regulations under the Foreign Account Taxpayer Compliance Act (FATCA); Regulations implementing P.L. 115-97, Dec. 22, 2017, including regulations and guidance relating to IRC Sections 59A, 162(f), 163(j), 451, 199A, 512, 904, 951A, 958, and 1446; Rev. Rul. 2018-24 relating to the proposed exchange of Freddie Mac Participation Certificates for Universal Mortgage Backed Securities; Taxation of contract modifications associated with transition from LIBOR to alternative reference rates, including SOFR; Regulations under IRC Sec. 871(m) and IRC Sec. 385; International tax reform.
Like Kind Exchanges FIRPTA: Modification of the Foreign Investment in Real Property Tax Act (FIRPTA) Sales Tax Fairness Proposals (S. 976, H.R. 2193) International Tax Reform Tax Reform Tax Depreciation-Cost Recovery Built-In Gains Technical Corrections Act Capital Gains Indexing (H.R. 6444, S. 2688) REIT Parity Act (H.R. 4531)
Client expense: $821,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of
2018 · third_quarter · Taxation/Internal Revenue Code
Implementation of PL 115-97 including international tax issues and interest expense deductibility. H.R. 6760, H.R. 6757 and H.R. 6756 - Tax Reform 2.0 -entire bills. H.R. 6444 - Capital Gains Inflation Relief Act - entire bill.
Client expense: Not reported · Firm income: $80,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2018 · third_quarter · Taxation/Internal Revenue Code
Implementation of PL 115-97 - including international tax issues and interest expense deductibility. H.R. 6760, H.R. 6757, H.R. 6756 - Tax Reform 2.0 - entire bills. H.R. 6444 - Capital Gains Relief Act - entire bill.
Client expense: Not reported · Firm income: $70,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
Implementation of PL 115-97 - LIFO repeal and full expensing. H.R. 6760 - Protecting Family and Small Business Tax Cuts Act of 2018, H.R. 6757 - Family Savings Act of 2018 and H.R. 6756 - American Innovation Act of 2018, Tax Reform 2.0 - entire bills. H.R. 6444 - Capital Gains Inflation Relief Act - entire bill.
Client expense: Not reported · Firm income: $50,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
H.R. 4204 - International Regulated Investment Company Act of 2017 (Marchant) H.R. 4523 - Automatic Retirement Plan Act of 2017 (Neal) H.R. 4524 - Retirement Plan Simplification and Enhancement Act of 2017 (Neal) H.R. 4637 - Small Businesses Add Value for Employees Act of 2017 (Kind) H.R. 5282 - Retirement Enhancement and Savings Act of 2018 (Kelly) H.R. 6250 - Skills Investment Act of 2018 (Kilmer) H.R. 6444 - Capital Gains Inflation Relief Act (Nunes) H.R. 6757 - Family Savings Act of 2018 (Kelly) H.R. 6990 - Portable Retirement and Investment Account Act of 2018 (Himes) S. 2526 - Retirement Enhancement and Savings Act of 2018 (Hatch) S. 2688 - Capital Gains Inflation Relief Act (Cruz) S. 3145 - Skills Investment Act of 2018 (Klobuchar) S. 3197 - SIMPLE Plan Modernization Act (Collins) S. 3218 - Strengthening Financial Security through Short-term Savings Accounts Act (Heitkamp) S. 3219 - Small Business Employees Retirement Enhancement Act (Cotton) S. 3221 - Retirement Security Flexibility Act of 2018 (Young) Preserving Retirement Savings Tax Incentives H.R. 1 Clarifications 529 Plans Tax Exemption for Municipal Bond Interest
Client expense: $1,484,905 · Firm income: Not reported
| Republican |
| FL |
| Ralph Norman | Republican | SC |
Client expense: $1,350,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office