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United States · Bill · HR

H.R. 2278 (103rd)

To permit certain air carriers to immediately utilize accumulated net operating losses.

referredUnited States· United States Congress· EN

Introduced

26 May 1993

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Permits qualified air carriers that make an election in a taxable year with respect to any portion of their net operating loss carryforwards to apply such a carryforward against any tax imposed upon such carrier on the date its return is filed, or the date such election is made. Limits such tax credit to the lesser of a certain percentage of such portion or the carrier's aggregate transportation excise taxes deposited during calendar 1992.

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Documents

3 official files

Introduced in House (text)

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Sources

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