S 1255 · 96th Congress · Taxation
New Firm Incentive Act of 1979
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1979-05-24)
Plain Language Summary
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New Firm Incentive Act of 1979 - Amends the Internal Revenue Code to provide that net operating losses incurred by a corporation during its first three taxable years may be carried over to the next ten taxable years, for purposes of the income tax deduction.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
2 Democrats1 Republican