To amend the Internal Revenue Code of 1986 to increase the amount of capital losses which may offset ordinary income.

Fact Sheet API

Bill Number

HR 4075

Introduced

Mar 30, 2004

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Capital Cost of living adjustments Economics and Public Finance Finance and Financial Sector Income tax Indexing (Economic policy) Losses Tax deductions Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to increase from $3,000 to $9,000 the limitation on the deduction for the capital losses of individual taxpayers. Provides for an annual inflation adjustment of the limitation amount.

Actions

Mar 30, 2004

Referred to the House Committee on Ways and Means.
Mar 30, 2004

Introduced in House

Amendments

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