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- S.784
S.784: A bill to amend the Internal Revenue Code of 1986 to increase the limitation on capital losses and individual may deduct against ordinary income, and to allow individuals a 3-year capital loss carryback and unlimited carryovers.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced April 26, 2001
- Latest Major Action April 26, 2001
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to: (1) 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; and (2) allow individuals a three-year capital loss carryback and unlimited carryovers.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| April 26, 2001 |
Introduced in the Senate by Frank H. Murkowski (R-Alaska) |