Summary: H.R.3533 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for H.R.3533. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/28/2005)

Amends the Internal Revenue Code to permit taxpayers in chapter 11 bankruptcy proceedings initiated before July 28, 2005, who have asbestos-related liabilities exceeding $250 million, to elect not to reduce their net operating losses by amounts discharged in such proceedings.