United States · Bill · S
S. 1255 (96th)
New Firm Incentive Act of 1979
Introduced
24 May 1979
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
New Firm Incentive Act of 1979 - Amends the Internal Revenue Code to provide that net operating losses incurred by a corporation during its first three taxable years may be carried over to the next ten taxable years, for purposes of the income tax deduction.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 24 May 1979
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/senate-bill/1255
- Open data entity: https://api.congress.gov/v3/bill/96/s/1255