Search Results: keywords:"capital gains tax"

  • H. R. 10541 — To amend the Internal Revenue Code of 1986 to limit the deferral of gain for officers of the executive branch of the Federal Government in the case of the sale of property to comply with conflict-of-interest requirements.
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    Status:Introduced in House
    Words:528

    H. R. 10541, known as the “Trust and Modernization in Tax Governance Act” or the “TMTG Act,” aims to amend the Internal Revenue Code of 1986. It proposes a limit on the deferred recognition of gains for officers of the executive branch when they sell property to meet...

    Simple Explanation

    This bill is about making sure important government leaders, like the President, follow rules about selling things they own to avoid problems with their job. It says they can delay paying taxes on the money they make from selling these things, but only up to a big limit, which is meant to keep things fair and clear.

  • S. 798 — To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.
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    Status:Introduced in Senate
    Words:3,150

    S. 798 aims to change the Internal Revenue Code of 1986 by introducing a new method for calculating the gain or loss on certain assets. The bill proposes adjusting the basis of these assets using an indexed basis, taking inflation into account, before determining gains or...

    Simple Explanation

    The bill is like a new rulebook that tries to make sure people don't have to pay extra taxes just because prices go up over time. It changes how people figure out if they made money or lost money when selling things like stocks or digital money by adjusting for the price changes over the years.

  • H. R. 1857 — To amend the Internal Revenue Code of 1986 to provide for the indexing of certain assets for purposes of determining gain or loss.
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    Status:Introduced in House
    Words:3,141

    The bill H. R. 1857 aims to amend the Internal Revenue Code to allow certain assets, such as stocks, digital assets, and tangible property, to be adjusted for inflation when calculating gains or losses. This adjustment applies only to assets held for more than three years and...

    Simple Explanation

    The bill wants to change the rules about how people pay taxes when they sell things like stocks or digital assets, by letting them adjust the price they paid for them to account for inflation, but only if they've owned them for more than three years. This means if something has become worth more just because of inflation, they might not have to pay as much in taxes when they sell it.

  • H. R. 1199 — To amend the Internal Revenue Code of 1986 to modify the exclusion for gain from qualified small business stock.
    Status:Introduced in House
    Words:1,420

    H.R. 1199, titled the “Small Business Investment Act of 2025,” proposes changes to the Internal Revenue Code of 1986 to adjust how profits from selling qualified small business stock are taxed. The bill reduces the time stock must be held to qualify for tax benefits from more than five years...

    Simple Explanation

    This bill wants to make it easier and more rewarding for people to invest in small businesses by allowing them to keep more of the money they make when they sell their shares, especially if they keep them for at least three years. It also lets some special kinds of stock that can turn into other types count too, so more people might want to invest.