WHAT THE LAW DOINCongress, in plain words

The law › Title 26, Internal Revenue Code › Chapter 1

26 U.S.C. 741: Recognition and character of gain or loss on sale or exchange

Created in 2002 by the Job Creation and Worker Assistance Act of 2002 (Public Law 107-147). Not changed since. 1 bill in this Congress would change it.

This Congress

  • H.R. 10595 Stop Wall Street Looting Act · introduced · would change the section as a whole

How it got here

2002

  • Pub. L. 107–147 struck out "which have appreciated substantially in value" after "inventory items". (Job Creation and Worker Assistance Act of 2002) Law text

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.