HR 4075 · 108th Congress · Taxation

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

Introduced 2004-03-30· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2004-03-30)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Republicans
Rep. Hostettler, John N. [R-IN-8]IN
Rep. Miller, Jeff [R-FL-1]FL