A bill to amend the Internal Revenue Code of 1954 to permit certain retroactive elections to relinquish the carryback period for net operating losses.

openUnited States· United States Congress· EN

Introduced

27 October 1983

Last action

—

Status

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

Summary

Amends the Internal Revenue Code to allow taxpayers to make a one-time election to forego the carryback of net operating losses incurred in taxable years ending after December 31, 1975, and for which tax returns were filed before August 14, 1981.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 27 October 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/senate-bill/2020
Open data entity: https://api.congress.gov/v3/bill/98/s/2020