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Capital Gains Tax Relief: Adjusting Investment Profits for Inflation.

This law introduces a mechanism to adjust the cost basis of certain assets—like stocks, real estate, and digital assets (cryptocurrency)—for inflation when calculating capital gains tax, provided they were held for over three years. This means citizens will only pay tax on the real profit, not the portion of the gain caused by inflation itself. The change aims to reduce the tax burden on long-term investors.
Key points
Capital gains tax will be calculated based on an inflation-adjusted cost, effectively lowering the taxable profit amount.
The relief applies to long-term investments (held over 3 years) in stocks, real estate, and digital assets.
Taxpayers must provide written documentation of the original purchase price to qualify for this inflation adjustment.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 118_S_1225
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2023-04-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Capital Gains Inflation Relief Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1225.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-04-20.

What are the main provisions?

Key points include:

  • Capital gains tax will be calculated based on an inflation-adjusted cost, effectively lowering the taxable profit amount.
  • The relief applies to long-term investments (held over 3 years) in stocks, real estate, and digital assets.
  • Taxpayers must provide written documentation of the original purchase price to qualify for this inflation adjustment.
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 2025-12-26.

CATEGORIES

Taxes Economy