United States · Bill · S
S. 3489 (95th)
A bill to amend the Internal Revenue Code of 1954 to allow an additional carryback of 7 years for excessive net operating losses attributable to product liability.
Introduced
8 September 1978
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Amends the Internal Revenue Code to permit a taxpayer who incurs product liability losses to carryback such losses as net operating business losses for an additional seven years beyond the three-year period presently allowed by law.
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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 · 8 September 1978
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/95th-congress/senate-bill/3489
- Open data entity: https://api.congress.gov/v3/bill/95/s/3489