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Capital Gains Inflation Relief Act

This bill aims to reduce the tax burden on gains from the sale of certain assets, such as stocks, real estate, or digital assets, held for more than three years. It achieves this by adjusting the cost basis of these assets for inflation, potentially leading to lower taxes for individuals. Citizens may experience financial relief when selling long-term investments.
Key points
Gains from the sale of assets like stocks, real estate, and digital assets will be adjusted for inflation if held for over 3 years.
This means the cost used to calculate capital gains tax will be increased by an inflation factor, potentially lowering the tax owed.
The changes apply to individuals, not corporations, and cover assets acquired after December 31, 2021.
Written documentation of the original purchase price is required to qualify for this relief.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_5838
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2021-11-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Capital Gains Inflation Relief Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5838.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-11-03.

What are the main provisions?

Key points include:

  • Gains from the sale of assets like stocks, real estate, and digital assets will be adjusted for inflation if held for over 3 years.
  • This means the cost used to calculate capital gains tax will be increased by an inflation factor, potentially lowering the tax owed.
  • The changes apply to individuals, not corporations, and cover assets acquired after December 31, 2021.
  • Written documentation of the original purchase price is required to qualify for this relief.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Economy