,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #iebd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #ad1         
#bjbb,mr4 ,norman 7= himself1 ,mrs4     
,lesko1 & ,mr4 ,des,jarlais7 introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to increase ! limitation on       
capital losses & index ! limitation to  
inflation4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,capital ,loss          
,inflation ,fairness ,act4  #b4         
,increas$ limitation on capital losses  
7a7 ,9 g5]al ,section #abaa7;b7 ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7b7 ,o!r taxpay]s    
7#a7 ,9 g5]al ,9 ! case ( a taxpay] o!r 
?an a corporation1 losses f sales or    
ex*anges ( capital assets %all be all[$ 
only to ! ext5t ( ! ga9s f su* sales or 
ex*anges1 plus 7if su* losses exce$ su* 
ga9s7 ! l[] (-- 7,a7 #ac1jjj 7#f1ejj 9 !
 case ( a m>ri$ individual fil+ a       
sep>ate return71 or  7,b7 ! excess ( su*

 losses ov] su* ga9s4  7#b7 ,inflation  
adju/m5t ,9 ! case ( any taxable ye>    
beg9n+ 9 a cal5d> ye> aft] #bjbc1 !     
doll> am\nts 9 p>agraph 7#a77;,a7 %all  
be increas$ by an am\nt equal to--  7,a7
 su* doll> am\nt1 multipli$ by  7,b7 !  
co/-(-liv+ adju/m5t "u section          
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
cal5d> ye> #bjbb = cal5d> ye> #bjaf 9   
subp>agraph 7,a77ii7 !re(4  4  7b7      
,effective date ,! am5dm5t made by ?is  
section %all apply to losses 9 taxable  
ye>s beg9n+ aft] ,decemb] #ca1 #bjba4