S 2020 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to permit certain retroactive elections to relinquish the carryback period for net operating losses.

Introduced 1983-10-27· Sponsored by Sen. Riegle, Donald W., Jr. [D-MI]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB, Treasury Department.(1983-11-01)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow taxpayers to make a one-time election to forego the carryback of net operating losses incurred in taxable years ending after December 31, 1975, and for which tax returns were filed before August 14, 1981.…

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

Cosponsors (1)

1 Democrat
Sen. Levin, Carl [D-MI]MI