United States · Bill · S
S. 1506 (101st)
A bill to amend the Internal Revenue Code of 1986 to limit the ability of corporations to obtain a refund of taxes by carrying back net operating losses arising from excess interest deductions allocable to transactions reducing corporate equity.
Introduced
3 August 1989
Last action
—
Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to limit the ability of corporations to obtain tax refunds by carrying back net operating losses arising from excess interest deductions allocable to transactions reducing corporate equity.
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Timeline
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Votes
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Versions
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Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 3 August 1989
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/101st-congress/senate-bill/1506
- Open data entity: https://api.congress.gov/v3/bill/101/s/1506