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- S.978
S.978: A bill to amend the Internal Revenue Code of 1986 to increase the limitation on capital losses applicable to individuals.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced May 5, 2009
- Latest Major Action May 5, 2009
Bill Sponsor
Bill Cosponsor
Bill Summary
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).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| May 5, 2009 |
Introduced in the Senate by Blanche Lincoln (D-Ark.) |