S. 1876 — 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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H.R. 8720A bill to amend the Internal Revenue Code of 1954 with respect to the net operating loss deduction allowable in the case of certain taxpayers.
1977-08-03Referred to House Committee on Ways and Means.
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Legislative Actions

1977-07-18
Introduced in Senate
1977-07-18
Referred to Senate Committee on Finance.

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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