HR 423
106th Congress
House
Taxation
Business income tax
Business losses
Commerce
Energy
Gas industry
Income tax
Petroleum industry
Tax deductions
To amend the Internal Revenue Code of 1986 to allow a 5-year net operating loss carryback for losses attributable to operating mineral interests of oil and gas producers.
Introduced: January 19, 1999
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 1999
Referred to the Subcommittee on Oversight.
Jan 19, 1999
Referred to the House Committee on Ways and Means.
Jan 19, 1999
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to allow a five-year net operating loss carryback for losses attributable to operating mineral interests of oil and gas producers.
What's happening now
Referred to the Subcommittee on Oversight.
Committees of jurisdiction
2