H.R. 4661 · 110th Congress
To amend the Internal Revenue Code of 1986 to increase the limitation on capital loss applicable to…
Full title
To amend the Internal Revenue Code of 1986 to increase the limitation on capital loss applicable to individuals.
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KagenSponsorNo cosponsors.
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. Provides for an inflation adjustment to such increased amount after 2008.
What it does: CRS summary · Introduced in House · Dec 13, 2007
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. Provides for an inflation adjustment to such increased amount after 2008.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to increase the limitation on capital loss applicable to individuals.
Latest action (Dec 13, 2007): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Dec 13, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.