A bill to amend the Internal Revenue Code of 1954 to increase the carryback period for the investment credit and net operating loss deduction to 6 years.

Summary

Amends the Internal Revenue Code to increase from three years to six years the carryback periods for the investment tax credit and the net operating loss deduction.

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

Timeline

1. 27 April 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 27 April 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 6 May 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 27 April 1981

  Open at official source

Sponsors

• Sen. Levin, Carl [D-MI] · D · Sponsor
• · ssfi00 · Standing

Related records

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