http://www.washingtonwatch.com/bills info@washingtonwatch.com http://www.pjdoland.com/chai/?v=0.1 http://www.washingtonwatch.com/bills/history/110_SN_3535.html?rev=34105 <p>S. 3535 would amend the Internal Revenue Code of 1986 to index certain assets for purposes of determining gain or loss.</p> <h2 id="toc0"> Detailed Summary </h2> <p>Amends the Internal Revenue Code to allow an inflation adjustment based upon the gross domestic product deflator to the adjusted basis of certain assets (including C corporation common stock and tangible property used in a trade or business) held by a taxpayer for more than three years for purposes of determining gain or loss on the sale or other disposition of such assets.</p> <p>Sets forth rules for applying such inflation adjustment to short sales, regulated investment companies and real estate investment trusts, partnerships and other pass-thru entities, and dispositions of assets between related persons.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc1"> Status of the Legislation </h2> <p>Latest Major Action: 11/18/2008: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 119 under authority of the order of the Senate of 11/17/2008.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc2"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc3"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 34105@http://www.washingtonwatch.com Wed, 19 Nov 2008 00:00:00 EST http://www.washingtonwatch.com/bills/show/110_SN_3535.html 11/18/2008: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 119 under authority of the order of the Senate of 11/17/2008. 41317@http://www.washingtonwatch.com Tue, 18 Nov 2008 00:00:00 EST http://www.washingtonwatch.com/bills/history/110_SN_3535.html?rev=33757 <p>S. 3535 would amend the Internal Revenue Code of 1986 to index certain assets for purposes of determining gain or loss.</p> <h2 id="toc4"> Detailed Summary </h2> <p>Amends the Internal Revenue Code to allow an inflation adjustment based upon the gross domestic product deflator to the adjusted basis of certain assets (including C corporation common stock and tangible property used in a trade or business) held by a taxpayer for more than three years for purposes of determining gain or loss on the sale or other disposition of such assets.</p> <p>Sets forth rules for applying such inflation adjustment to short sales, regulated investment companies and real estate investment trusts, partnerships and other pass-thru entities, and dispositions of assets between related persons.</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc5"> Status of the Legislation </h2> <p>Latest Major Action: 9/22/2008: Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc6"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc7"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 33757@http://www.washingtonwatch.com Wed, 29 Oct 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_3535.html?rev=31607 <p>S. 3535 would amend the Internal Revenue Code of 1986 to index certain assets for purposes of determining gain or loss.</p> <h2 id="toc8"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc9"> Status of the Legislation </h2> <p>(Log in to edit the wiki and be the first to update the status of the bill!)</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc10"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc11"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 31607@http://www.washingtonwatch.com Tue, 23 Sep 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/history/110_SN_3535.html?rev=31608 <p>S. 3535 would amend the Internal Revenue Code of 1986 to index certain assets for purposes of determining gain or loss.</p> <h2 id="toc12"> Detailed Summary </h2> <p>(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)</p> <!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --> <h2 id="toc13"> Status of the Legislation </h2> <p>Latest Major Action: 9/22/2008: Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.</p> <!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --> <h2 id="toc14"> Points in Favor </h2> <p>(Log in to edit the wiki and be the first to show why the bill should pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> <h2 id="toc15"> Points Against </h2> <p>(Log in to edit the wiki and be the first to show why the bill should not pass!)<br /> <!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --> </p> 31608@http://www.washingtonwatch.com Tue, 23 Sep 2008 00:00:00 EDT http://www.washingtonwatch.com/bills/show/110_SN_3535.html 9/22/2008: Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. 40135@http://www.washingtonwatch.com Mon, 22 Sep 2008 00:00:00 EDT