PUBLIC LAW 99-514—OCT. 22, 1986
100 STAT. 2383
(E) Dalton, Georgia, Towne Square project. (F) Milwaukee, Wisconsin, Standard Electric Supply Company—distribution company. (G) Wausau, Wisconsin, urban renewal project. (H) Cassville, Missouri, UDAG project. (I) Outlook Envelope Company—plant expansion. (J) Woodstock, Connecticut, Crabtree Warehouse partnership. (K) Louisville, Kentucky, Speed Mansion renovation project. (L) Charleston, South Carolina, waterfront project. (M) New Orleans, Louisiana, Upper Pontabla Building renovation. (N) Woodward Wight Building. (O) Minneapolis, Minnesota, Miller Milling Company— flour mill project. (P) Birmingham, Alabama, Club Apartments. (Q) Charlotte, North Carolina—qualified mortgage bonds acquired by NCNB bank ($5,250,000). (R) Grand Rapids, Michigan, Central Bank project. (S) Ruppman Marketing Services, Inc.—building project. (4)
ADDITIONAL
TRANSITIONAL
RULE.—Obligations
issued
pursuant to an allocation of a State's volume limitation for private activity bonds, which allocation was made by Executive Order 25 signed by the Governor of the State on May 22, 1986 (as such order may be amended before January 1, 1987), shall be treated as acquired on or before August 7, 1986, in the hands of the first and any subsequent financial institution acquiring such obligation. The aggregate face amount of obligations to which this subparagraph applies shall not exceed $200,000,000. SEC. 903. TERMINATION OF SPECIAL 10-YEAR CARRYBACK RULES FOR CERTAIN FINANCIAL INSTITUTIONS; NEW SPECIAL CARRYOVER RULES FOR CERTAIN LOSSES. (a) TERMINATION OF SPECIAL 10-YEAR CARRYBACK RULES FOR CERTAIN FINANCIAL INSTITUTIONS.—
(1) Subparagraph (F) of section 172(b)(1) (relating to years to which loss may be carried) is amended by striking out "after December 31, 1975," and inserting in lieu thereof "after December 31, 1975, and before January 1, 1987,". (2) Subparagraph (G) of section 172(b)(1) is amended by striking out "after December 31, 1969," and inserting in lieu thereof "after December 31, 1969, and before January 1, 1987,". (3) Subparagraph (H) of section 172(b)(1) is amended— (A) by striking out "after December 31, 1981," and inserting in lieu thereof "after December 31, 1981, and before January 1, 1987,", and (B) by striking out "after December 31, 1984," and inserting in lieu thereof "after December 31, 1984, and before January 1, 1987,". (b) SPECIAL 10-YEAR CARRYBACK FOR BAD DEBT LOSSES OF COMMERCIAL BANKS; ADDITIONAL 3-YEAR CARRYFORWARD FOR LOSSES OF THRIFT INSTITUTIONS.—
(1) IN GENERAL.—Paragraph (1) of section 172(b) (relating to year to which loss may be carried) is amended by adding at the end thereof the following new subparagraphs:
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