H.R. 8720 — A bill to amend the Internal Revenue Code of 1954 with respect to the net operating loss deduction allowable in the case of certain taxpayers.

Summary

Amends the Internal Revenue Code to allow certain large businesses with severe long term losses a five-year carryback and five-year carryover period for net operating losses.

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S. 1876A bill to amend the Internal Revenue Code of 1954 with respect to the net operating loss deduction allowable in the case of certain taxpayers.
1977-07-18Referred to Senate Committee on Finance.
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Legislative Actions

1977-08-03
Introduced in House
1977-08-03
Introduced in House
1977-08-03
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 with respect to the net operating loss deduction allowable in the case of certain taxpayers.

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