A bill to amend the Internal Revenue Code of 1954 with respect to the redemption of United States Railway Association certificates of value issued to railroads in reorganization.

Summary

Amends the Internal Revenue Code to allow income derived from a certificate of value of the United States Railway Corporation issued to a corporation which is a member of an affiliated group of corporations to be offset by the expired net operating loss carryover deductions of other members of the affiliated group.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 31 January 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 31 January 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 January 1978

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 September 1978

   Reported

   Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1539.

   Source: Committee

5. 6 September 1978

   Reported

   Reported to House from the Committee on Ways and Means with amendment, H. Rept. 95-1539.

   Source: Committee

6. 3 October 1978

   Passed

   Measure passed House, amended.

   Source: Floor

7. 3 October 1978

   Passed

   Passed/agreed to in House: Measure passed House, amended.

   Source: Floor

8. 3 October 1978

   Floor

   Measure called up under motion to suspend rules and pass in House.

   Source: Floor

9. 4 October 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Reported to House with amendment(s)

  summary · EN · 6 September 1978

  Open at official source

• Introduced in House

  summary · EN · 31 January 1978

  Open at official source

Sponsors

• Rep. Cotter, William R. [D-CT-1] · D · Sponsor
• · ssfi00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.