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HRES 223119th CongressIntroduced
Honoring the 108th anniversary of Selfridge Air National Guard Base and the contributions of Selfridge Air National Guard Base to the military and national security of the United States.
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
This bill provides inflation indexing for capital assets held more than 3 years to adjust tax basis for inflation when calculating capital gains.
Key Points
- 1Allows inflation indexing of basis for assets held over 3 years
- 2Applies to stocks, digital assets, and tangible property
- 3Uses GDP deflator for inflation adjustments
- 4Requires written documentation of original purchase price
- 5Includes special rules for investment entities and pass-through entities
- 6Provides for regulatory implementation by Treasury Secretary
Impact Areas
Individual taxpayers with capital assetsInvestment and financial marketsTax policy and revenueInvestment companies and REITsPartnerships and S corporations
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