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- H.R.1635
H.R.1635: Ponzi Scheme Victims' Tax Relief Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced April 15, 2011
- Latest Major Action April 15, 2011
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
23 (12 Democrats, 11 Republicans)
Bill Summary
Ponzi Scheme Victims' Tax Relief Act of 2011- Amends the Internal Revenue Code to allow: (1) a special theft loss tax deduction for qualified fraudulent investment losses and for such losses in connection with assets held in an individual retirement account (IRA); (2) a carryback of net operating losses which are qualified fraudulent investment losses for up to 10 years; (3) withdrawals from tax-exempt retirement plans for a 10-year period...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 15, 2011 |
Introduced in the House by Bill Pascrell Jr. (D-N.J.) |