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

Summary

Official

Amends the Internal Revenue Code to increase, from $3,000 to $8,250, the annual capital loss limit applicable to individuals. Provides for an annual inflation adjustment.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(2/5/03)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. FOSSELLA

(R) NY – 13

Cosponsors (6)

WELDON

(R) FL

Musgrave

(R) CO

SOUDER

(R) IN

TERRY

(R) NE

Isakson

(R) GA

FROST

(D) TX

Topics

Business & Finance

Latest Action

Referred to the House Committee on Ways and Means.

Feb 5, 2003

View Bill on Congress.gov