Section 1 Short title
This Act may be cited as the “Prohibiting Unrealized Capital Gains Taxation Act”.
Prohibiting Unrealized Capital Gains Taxation Act
A BILL
To prohibit the implementation of unrealized capital gains taxation.
Sec. 2 Prohibition on the implementation of new federal requirements to tax unrealized capital gains
The Secretary of the Treasury (including any delegate of the Secretary) or any other Federal Government official shall not require or impose the implementation of taxation on unrealized capital gains, from any taxable asset, including but not limited to covered and noncovered tradable assets, gifts, bequests, and transfers in trust, except to the extent that such reporting is required under any program, or other provision of law, as in effect on October 15, 2021.