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HR 7300 110th Congress House Taxation Administrative law and regulatory procedures Banking and financial institutions regulation Business investment and capital Congressional oversight Corporate finance and management Department of the Treasury Government studies and investigations Income tax deductions

To provide for the proper application under the Internal Revenue Code of 1986 of the limitations on built-in losses following an ownership change of a bank.

Introduced: November 20, 2008 Introduced by: Doggett, Lloyd Democratic · Texas See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 2008
Referred to the House Committee on Ways and Means.
Nov 20, 2008
Introduced in House
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 Plain-English summary Congressional Research Service

Limits the applicability of Treasury Notice 2008-83 (suspending restrictions on the offset of net operating losses and unrealized built-in losses against the taxable income of certain corporate entities that acquire or merge with other entities) to a period beginning on September 30, 2008, and ending on the earlier of the date of the first committee action on this Act or the date on which the Chairman of the House Committee on Ways and Means and the Chairman of the Senate Committee on Finance issue a joint statement indicating their intent to to terminate the application of such notice. Directs the Inspector General of the Department of the Treasury to conduct an investigation into the issuance of Treasury Notice 2008-83 and report to Congress on such investigation.

What's happening now November 20, 2008

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 3692 Related bill A bill to rescind Treasury Notice 2008-83.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Sánchez, Linda T.
California · Dec 10, 2008
 D
Thompson, Mike
California · Dec 10, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7300: To provide for the proper application under the Internal Revenue Code of 1986 of the limitations on built-in losses following an ownership change of a bank.. 110th Congress. Open America. https://openamerica.io/bill/110-HR-7300/
MLA
"H.R. 7300: To provide for the proper application under the Internal Revenue Code of 1986 of the limitations on built-in losses following an ownership change of a bank.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-7300/.
Bluebook (legal)
H.R. 7300, 110th Cong. (2026), https://openamerica.io/bill/110-HR-7300/.
Markdown link
[H.R. 7300: To provide for the proper application under the Internal Revenue Code of 1986 of the limitations on built-in losses following an ownership change of a bank.](https://openamerica.io/bill/110-HR-7300/)
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