83 STAT. ]
PUBLIC LAW 91-172-DEC. 30, 1969
(G) by striking out loss carryback" in paragraph (4)(A) and inserting m lieu thereof "loss carryback or a capital loss carryback". (3) INTEREST ON UNDERPAYMENTS.—Section 6601(e) (relating to computation of interest in case of carryback or adjustment for certain unused deductions) is amended—
641 81 Stat. 7 3 1.
76 Stat. 972. ^^ "^^ ^^°^'
(A) by striking out "LOSS CARRYBACK" in the heading of paragraph (1) and inserting in lieu thereof "LOSS OR CAPITAL LOSS CARRYBACK",
(B) by striking out "net operating loss" wherever it appears in paragraph (1) and inserting in lieu thereof "net operating loss or net capital loss", and (C) by striking out "loss carryback" in paragraph (2) and inserting in lieu thereof "loss carryback or a capital loss carryback". (4) INTEREST ON OVERPAYMENTS.—Section 6611(f) (relating to interest in case of refund of income tax caused by carryback or adjustment for certain unused deductions) is amended—
si Stat. 731. ^e Stat. 972.
(A) by striking out "LOSS CARRYBACK" in the heading of paragraph (1) and inserting in lieu thereof "LOSS OR CAPITAL LOSS C A R R Y B A C K ",
(B) by striking out "net operating loss" wherever it appears in paragraph (1) and inserting in lieu thereof "net operating loss or net capital loss", and (C) by striking out "loss carryback" in paragraph (2) and inserting in lieu thereof "loss carryback or a capital loss carryback". (f) TECHNICAL AMENDMENTS.—
(1) The heading of section 1212 is amended by striking out "CARRYOVER" and inserting in lieu thereof "CARRYBACKS AND CARRYOVERS'*. (2) The item relating to section 1212 in the table of sections for part II of subchapter P of chapter 1 is amended by striking out "carryover" and inserting in lieu thereof "carrybacks and carryovers". (3) Section 246(b)(1) (relating to dividends received deduction) is amended by striking out "and 247" and inserting in lieu thereof "and 247, and without regard to any capital loss carryback to the taxable year under section 1212(a)(1). " (4) Section 481(b)(3)(A) (relating to changes in method of accounting) is amended by striking out "loss carryover" and inserting in lieu thereof "loss carryback or carryover", (5) Section 535(b)(6) (relating to improper accumulations of surplus) is amended— (A) by striking out "capital loss carryover" in the first sentence and inserting in lieu thereof "capital loss carryback or carryover", and (B) by striking out "capital loss carryover" in subparagraph (B) and inserting in lieu thereof "capital loss carryback and carryover". (6) Paragraph (7) of section 535(b) (relating to treatment of capital loss carryovers) is amended to read as follows: "CS") CAPITAL LOSS.—NO allowance shall be made for the capital loss carrvback or carryover provided in section 1212." (7) Section 1314(a) (relating to mitigation of limitations) is amended by striking out "capital loss carryover" and inserting in lieu thereof "capital loss carryback or carryover".
68A s t a t. 74.
72 s t a t. 1631.
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