Word: carrybacks
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Dates: during 1950-1959
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...Extend the carryback of losses for tax purposes from one year to two, to "benefit established companies which become distressed," while retaining the present provision permitting losses to be carried forward five years...
...broke trying to get other people to see it." Last week the Tiger Line thought that people were beginning to see things its way. On a gross of $4,964,168, some 60% higher than last year, the line reported a $500,346 net profit (including a $183,500 carryback credit) for the fiscal year ended June...