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HR 5327 99th Congress House Taxation Bankruptcy Business and commerce Employee benefit plans Health Health insurance Income tax Insurance Investment tax credit Iron and steel industry Labor and Employment Life insurance Tax administration Tax credits Tax refunds

A bill to allow certain steel companies to elect a 15-year carryback of 50 percent of investment tax credit carryforwards in existence as of the beginning of their 1st taxable year beginning after…

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A bill to allow certain steel companies to elect a 15-year carryback of 50 percent of investment tax credit carryforwards in existence as of the beginning of their 1st taxable year beginning after December 31, 1985.

Introduced: August 1, 1986 See on congress.gov
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Aug 1, 1986
Referred to House Committee on Ways and Means.
Aug 1, 1986
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow certain steel companies to elect a 15-year carryback of 50 percent of investment tax credit carryforwards in existence as of the beginning of their first taxable year beginning after December 31, 1985.

Requires any steel company receiving a refund due to such carryback to use such a refund either: (1) to purchase an insurance policy to provide employee life and health insurance coverage for one year after the beginning of bankruptcy proceedings; or (2) directly in connection with the trade or business of the corporation in the manufacture or production of steel.

What's happening now August 1, 1986

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Hoyer, Steny H.
Maryland · Sep 10, 1986
 D
Kaptur, Marcy
Ohio · Aug 14, 1986
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5327: A bill to allow certain steel companies to elect a 15-year carryback of 50 percent of investment tax credit carryforwards in existence as of the beginning of their 1st taxable year beginning after December 31, 1985.. 99th Congress. Open America. https://openamerica.io/bill/99-HR-5327/
MLA
"H.R. 5327: A bill to allow certain steel companies to elect a 15-year carryback of 50 percent of investment tax credit carryforwards in existence as of the beginning of their 1st taxable year beginning after December 31, 1985.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-5327/.
Bluebook (legal)
H.R. 5327, 99th Cong. (2026), https://openamerica.io/bill/99-HR-5327/.
Markdown link
[H.R. 5327: A bill to allow certain steel companies to elect a 15-year carryback of 50 percent of investment tax credit carryforwards in existence as of the beginning of their 1st taxable year beginning after December 31, 1985.](https://openamerica.io/bill/99-HR-5327/)
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