THIS SEARCH     THIS DOCUMENT     GO TO
Next Hit        Forward           New Bills Search
Prev Hit        Back              HomePage
Hit List        Best Sections     Help
                Contents Display

Bill PDFBillno should always have and extension i.e. h1.ih

Printer Friendly[Help]

Congressional Record References

Bill Summary & Status

To rescind Treasury Notice 2008-83. (Introduced in Senate)

S 3692 IS

110th CONGRESS

2d Session

S. 3692

To rescind Treasury Notice 2008-83.

IN THE SENATE OF THE UNITED STATES

November 19, 2008

Mr. SANDERS introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To rescind Treasury Notice 2008-83.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. RESCISSION OF TREASURY NOTICE 2008-83.

    Treasury Notice 2008-83 (suspending the rule in section 382 of the Internal Revenue Code of 1986 that disallows use of a net unrealized built-in loss for financial institutions) is considered null and void and of no effect. The Internal Revenue Code of 1986 shall be applied and administered as if Treasury Notice 2008-83 had never been issued.