S. 702 — A bill to allow an income deduction for certain motor carrier operating authorities to offset the impact of the Motor Carrier Reform Act of 1980.

Summary

Allows motor carriers an income tax deduction for the value of motor carrier operating authorities rendered worthless by deregulation or $50,000, whichever is greater. Requires the deduction of such amount over a 36 month period.

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Legislative Actions

1981-03-12
Introduced in Senate
1981-03-12
Read second time and referred to Senate Committee on Finance.
1981-03-12
Subcommittee on Taxation and Debt Management took the following actions.
1981-03-17
Committee on Finance requested executive comment from OMB; Treasury Department.
1981-05-08
Subcommittee on Taxation and Debt Management. Hearings held.

A bill to allow an income deduction for certain motor carrier operating authorities to offset the impact of the Motor Carrier Reform Act of 1980.

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Summary

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