To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.
Summary
What This Bill Does
The bill provides indexing of certain assets for purposes of determining gain or loss Part II of subchapter O of chapter 1 of the Internal Revenue Code of 1986 (relating to basis rules of general application) is amended and provides indexing of certain assets for purposes of determining gain or loss Solely for purposes of determining gain or loss on the sale or other disposition by a taxpayer (other than a corporation) of an indexed asset. It relies on definition changes, appropriations, tax deductions, and compliance mandates. The main policy areas are Finance, Environmental Groups, and Environment.
Who Benefits and How
Lobbyists, political organizations, and disclosure users affected by the bill could face lower compliance burdens, Financial services firms and customers affected by the bill could face lower compliance burdens, and Environmental and public health interests affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Provides indexing of certain assets for purposes of determining gain or loss Part II of subchapter O of chapter 1 of the Internal Revenue Code of 1986 (relating to basis rules of general application) is amended...
- Provides indexing of certain assets for purposes of determining gain or loss Solely for purposes of determining gain or loss on the sale or other disposition by a taxpayer (other than a corporation) of an indexed asset...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill provides indexing of certain assets for purposes of determining gain or loss Part II of subchapter O of chapter 1 of the Internal Revenue Code of 1986 (relating to basis rules of general application) is amended and provides indexing of certain assets for purposes of determining gain or loss Solely for purposes of determining gain or loss on the sale or other disposition by a taxpayer (other than a corporation) of an indexed asset.
Key Policy Areas
Finance, Environmental Groups, Environment
Primary Purpose
The bill provides indexing of certain assets for purposes of determining gain or loss Part II of subchapter O of chapter 1 of the Internal Revenue Code of 1986 (relating to basis rules of general application) is amended and provides indexing of certain assets for purposes of determining gain or loss Solely for purposes of determining gain or loss on the sale or other disposition by a taxpayer (other than a corporation) of an indexed asset.
Policy Domains
Whole bill
Identified Gains
- Lobbyists, political organizations, and disclosure users affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMr. Cruz (for himself, Mr. Braun, and Mr. Hagerty) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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