S 978 · 111th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to increase the limitation on capital losses applicable to individuals.

Introduced 2009-05-05· Sponsored by Sen. Lincoln, Blanche L. [D-AR]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2009-05-05)

Plain Language Summary

[AI summary unavailable — showing source text] 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).…

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

Cosponsors (1)

1 Republican
Sen. Hatch, Orrin G. [R-UT]UT