S. 1014 — A bill to amend the Internal Revenue Code of 1954 to increase the carryback period for the investment credit and net operating loss deduction to 6 years.

Summary

Amends the Internal Revenue Code to increase from three years to six years the carryback periods for the investment tax credit and the net operating loss deduction.

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Legislative Actions

1981-04-27
Introduced in Senate
1981-04-27
Read second time and referred to Senate Committee on Finance.
1981-05-06
Committee on Finance requested executive comment from OMB; Treasury Department.

A bill to amend the Internal Revenue Code of 1954 to increase the carryback period for the investment credit and net operating loss deduction to 6 years.

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Summary

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