HR 9606 · 94th Congress · Taxation

A bill to allow regulated investment companies capital loss carryovers for a period of 8 years.

Introduced 1975-09-17· Sponsored by Rep. Crane, Philip M. [R-IL-12]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-09-17)

Plain Language Summary

[AI summary unavailable — showing source text] Allows regulated investment companies capital loss carryovers for a period of eight years (presently, five years is the permitted period). States that this provision shall apply to net capital losses incurred in taxable years ending after January 1, 1970.…

Summarized by Claude AI · Non-partisan · For informational purposes only