Last progress March 5, 2025 (9 months ago)
Introduced on March 5, 2025 by Warren Davidson
Referred to the House Committee on Ways and Means.
This bill would change how taxes are figured when you sell certain assets. It would adjust the original purchase price for inflation before calculating your gain or loss. This means taxes would focus more on the “real” increase in value, not just price changes caused by inflation.
In short, it aims to provide inflation relief for capital gains by indexing certain assets in the tax code, and adds related cross-references in law.