Pub. L. 91-677 Jan. 12, 1971

84 Stat. 2061 · Changed 2 sections of the Code

Bill H.R. 18693

§ 165 Losses

(i)(1) Pub. L. 91–677, § 1(a)(1), (2), struck out “or (2)” after “paragraph (1)” in cl. (B), and substituted “one or more days…
(i)(2) Pub. L. 91–677, § 1(a)(3), substituted “one or more days during the period beginning on December 31, 1958, and ending…
(i)(3) Pub. L. 91–677, § 1(a)(4), struck out subsec. (i)(3) which authorized a refund or credit to be given for any…

§ 172 Net operating loss deduction

(b)(1)(D) Pub. L. 91–677, § 2(a), inserted “(or, with respect to that portion of the net operating loss for such year…
(b)(2) Pub. L. 91–677, § 2(b), inserted provisions relating to treatment of Cuban expropriation losses.
§ 172 Pub. L. 91–677, § 2(c), added par. (3).