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Capital Gains Inflation Relief: New Tax Calculation Rules

This act aims to change how gains and losses from certain investments, such as stocks, digital assets, or real estate, held for more than three years are calculated. When selling such assets, their original purchase price will be adjusted for inflation, potentially reducing the capital gains tax citizens have to pay. This means tax will only be levied on real gains, not on value increases due to inflation.
Key points
Introduces inflation adjustment for gains on assets held over 3 years, including stocks, digital assets, and tangible property.
May reduce capital gains tax by taxing only real gains, not inflation-driven value increases.
Requires written documentation of the original purchase price to qualify for the relief.
Applies to assets acquired after December 31, 2021.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_3153
Sponsor: Sen. Cruz, Ted [R-TX]
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_S_3153.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-11-03.

What are the main provisions?

Key points include:

  • Introduces inflation adjustment for gains on assets held over 3 years, including stocks, digital assets, and tangible property.
  • May reduce capital gains tax by taxing only real gains, not inflation-driven value increases.
  • Requires written documentation of the original purchase price to qualify for the relief.
  • Applies to assets acquired after December 31, 2021.
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 Sen. Cruz, Ted [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy