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- H.R.5212
H.R.5212: To amend the Internal Revenue Code of 1986 to increase the limitation on capital losses an individual may deduct against ordinary income, and to adjust such amount for inflation.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced July 25, 2002
- Latest Major Action Nov. 22, 2002
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to increase, from $3,000 to $20,000 (and from $1,500 to $10,000 for a married individual filing a separate return), the limitation on capital losses an individual may deduct against ordinary income. Adjusts amounts for inflation.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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| July 25, 2002 |
Introduced in the House by Ernest J. Istook (R-Okla.) |