Reading Room Document
Legal Authority of the Department of the Treasury to Issue Regulations Indexing Capital Gains for Inflation
The Department of the Treasury does not have legal authority to index capital gains for inflation by means of regulation. The OLC does not provide release dates for its opinions, so the release date listed is the date on which the opinion was authored. The original opinion is available at www.justice.gov/file/20536/download.
The OLC's Opinions
Opinions published by the OLC, including those released in response to our FOIA lawsuit