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HR 7123 110th Congress House Taxation Income tax Investments Investors Losses Tax deductions

Middle Class Investor Relief Act

Introduced: September 26, 2008 See on congress.gov
This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2008
Sponsor introductory remarks on measure. (CR E2096)
Sep 26, 2008
Referred to the House Committee on Ways and Means.
Sep 26, 2008
Introduced in House
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 Plain-English summary Congressional Research Service

Middle Class Investor Relief Act - Amends the Internal Revenue Code to increase to $20,000 the limitation on the amount of losses from the sale or exchange of capital assets that an individual taxpayer may deduct in a taxable year.

What's happening now September 28, 2008

Sponsor introductory remarks on measure. (CR E2096)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7123: Middle Class Investor Relief Act. 110th Congress. Open America. https://openamerica.io/bill/110-HR-7123/
MLA
"H.R. 7123: Middle Class Investor Relief Act." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-7123/.
Bluebook (legal)
H.R. 7123, 110th Cong. (2026), https://openamerica.io/bill/110-HR-7123/.
Markdown link
[H.R. 7123: Middle Class Investor Relief Act](https://openamerica.io/bill/110-HR-7123/)
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