United States · Bill · S
S. 978 (111th)
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on capital losses applicable to individuals.
Introduced
5 May 2009
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
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 (50% of such amount for married individuals filing a separate tax return).
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 5 May 2009
Introduced in Senate (PDF)
Introduced in Senate · EN · 5 May 2009
Introduced in Senate
summary · EN · 5 May 2009
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/senate-bill/978
- Open data entity: https://api.congress.gov/v3/bill/111/s/978