,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #cehg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #bg1 #bjai,mr4  
,s*weik]t 7= himself1 ,mr4 ,br5dan ,f4  
,boyle ( ,p5nsylvania1 & ,mrs4 ,flet*]7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to modify ! effective date
 = ! modification to net op]at+ loss    
d$uctions 9 ,public ,law #aae-ig4  #a4  
,modification ( effective date (        
modifications to net op]at+ loss        
d$uctions  7a7 ,9 g5]al ,section        
#accjb7;e77#b7 ( ,public ,law #aae-ig is
 am5d$ by /rik+ end+ & ins]t+ beg9n+4   
7b7 ,ext5sion ( deadl9e = fil+          
application = t5tative c>ryback         
adju/m5ts ,9 ! case ( a net op]at+ loss 
c>ryback ( a net op]at+ loss aris+ 9 a  
taxable ye> beg9n+ be=e ,janu>y #a1     
#bjah1 & end+ aft] ,decemb] #ca1 #bjag1 
an application "u section #fdaa7;a7 %all
 n fail to be treat$ z timely fil$ if   
fil$ n lat] ?an ! date :i* is #abj days 

aft] ! date ( ! enactm5t ( ?is ,act4    
7c7 ,effective date  7#a7 ,9 g5]al      
,except z o!rwise provid$ 9 ?is         
subsection1 ! am5dm5t made by ?is       
section %all take effect z if includ$ 9 
section #accjb ( ,public ,law #aae-ig4  
7#b7 ,elective application ,! am5dm5t   
made by ?is section %all apply only if !
 taxpay] elects 7at su* "t & 9 su* mann]
 z ! ,secret>y1 or ! ,secret>y's        
delegate1 may provide7 ! application (  
?is section4