To amend the Internal Revenue Code of 1986 to increase the limitation on the allowance of capital losses of taxpayers other than corporations.

Summary

Amends the Internal Revenue Code to increase the limit on the deductibility of losses from the sale or exchange of capital assets for individual taxpayers to $10,000, adjusted for inflation after 2009 ($5,000 for married individuals filing a separate tax return).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 April 2009

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 April 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 April 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 April 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 April 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 April 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 April 2009

  Open at official source

Sponsors

• Kenny Marchant · R · Sponsor
• · hswm00 · Standing

Related records

• related to → To amend the Internal Revenue Code of 1986 to increase the limitation on the capital loss carryovers of individuals to $10,000.
• related to ← To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses to $10,500 and to index such limitation to inflation.
• related to ← A bill to amend the Internal Revenue Code of 1986 to increase the limitation on capital losses applicable to individuals.