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   &lt;pre&gt;[Congressional Record Volume 167, Number 26 (Thursday, February 11, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. EMMER:H.R. 984.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18[Page H502]&lt;/pre&gt;
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     Emmer
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     Introduced in House
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     2021-03-30T15:27:34Z
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     &lt;p&gt;&lt;b&gt;Retirement Inflation Protection Act of 2021&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill allows the adjusted basis of certain assets, including C corporation common stock and tangible property used in a trade or business, to be adjusted for inflation solely for the purpose of determining the gain or loss of individuals who (1) have held such assets for more than 3 years, and (2) have attained the age of 59 1/2 as of the date of the sale or other disposition of the assets. The bill uses the Chained Consumer Price Index for All Urban Consumers (C-CPI-U) for purposes of making the inflation adjustment. &lt;/p&gt; &lt;p&gt;The bill sets forth rules for applying the inflation adjustment to short sales, dispositions between related persons, and improvements to property. &lt;/p&gt; &lt;p&gt;The Internal Revenue Service may disallow an adjustment if any person transfers cash, debt, or any other property to another person for the principal purpose of securing or increasing an inflation adjustment.&lt;/p&gt;
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   Retirement Inflation Protection Act of 2021
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     Retirement Inflation Protection Act of 2021
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     To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss of eligible individuals.
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   Congressional Research Service, Library of Congress
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-02-11
Ways and Means Committee
hswm00
2
House floor actions
Referred to the House Committee on Ways and Means.
IntroReferral
Intro-H
2021-02-11
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-02-11
9
Library of Congress
Introduced in House
IntroReferral
2021-02-11T14:02:10Z
Referred to
House
Ways and Means Committee
hswm00
Standing
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-02-11
2021-02-11
Referred to the House Committee on Ways and Means.
House
Taxation
E000294
6
Tom
Rep. Emmer, Tom [R-MN-6]
N
Emmer
R
MN
Business investment and capital Capital gains tax Inflation and prices Securities Small business
2021-02-11
Introduced in House
 <p><b>Retirement Inflation Protection Act of 2021</b></p> <p>This bill allows the adjusted basis of certain assets, including C corporation common stock and tangible property used in a trade or business, to be adjusted for inflation solely for the purpose of determining the gain or loss of individuals who (1) have held such assets for more than 3 years, and (2) have attained the age of 59 1/2 as of the date of the sale or other disposition of the assets. The bill uses the Chained Consumer Price Index for All Urban Consumers (C-CPI-U) for purposes of making the inflation adjustment. </p> <p>The bill sets forth rules for applying the inflation adjustment to short sales, dispositions between related persons, and improvements to property. </p> <p>The Internal Revenue Service may disallow an adjustment if any person transfers cash, debt, or any other property to another person for the principal purpose of securing or increasing an inflation adjustment.</p>
2021-03-30T15:27:34Z
00
2021-02-11T05:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr984ih/xml/BILLS-117hr984ih.xml
Retirement Inflation Protection Act of 2021
Retirement Inflation Protection Act of 2021
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss of eligible individuals.
Official Title as Introduced
IH
Introduced in House
Retirement Inflation Protection Act of 2021
Short Title(s) as Introduced
HR
2023-01-11T13:46:47Z
2023-01-11T13:46:47Z
3.0.0
H11100
2021-02-11
Ways and Means Committee
hswm00
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House floor actions
Referred to the House Committee on Ways and Means.
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2021-02-11
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Library of Congress
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2021-02-11
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Library of Congress
Introduced in House
IntroReferral
E000294
6
Tom
Rep. Emmer, Tom [R-MN-6]
N
Emmer
R
MN
Business investment and capital Capital gains tax Inflation and prices Securities Small business
2021-02-11
Introduced in House
 <p><b>Retirement Inflation Protection Act of 2021</b></p> <p>This bill allows the adjusted basis of certain assets, including C corporation common stock and tangible property used in a trade or business, to be adjusted for inflation solely for the purpose of determining the gain or loss of individuals who (1) have held such assets for more than 3 years, and (2) have attained the age of 59 1/2 as of the date of the sale or other disposition of the assets. The bill uses the Chained Consumer Price Index for All Urban Consumers (C-CPI-U) for purposes of making the inflation adjustment. </p> <p>The bill sets forth rules for applying the inflation adjustment to short sales, dispositions between related persons, and improvements to property. </p> <p>The Internal Revenue Service may disallow an adjustment if any person transfers cash, debt, or any other property to another person for the principal purpose of securing or increasing an inflation adjustment.</p>
2021-03-30T15:27:34Z
00
Retirement Inflation Protection Act of 2021
Retirement Inflation Protection Act of 2021
Display Title
IH
Introduced in House
To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss of eligible individuals.
Official Title as Introduced
IH
Introduced in House
Retirement Inflation Protection Act of 2021
Short Title(s) as Introduced
2021-02-11
Referred to the House Committee on Ways and Means.