U.S. Congress - S.1835 A bill to amend the Internal Revenue Code of 1986 to allow 5-year carryback of operatin...
S.1835 - A bill to amend the Internal Revenue Code of 1986 to allow 5-year carryback of operating losses, and for other purposes.
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- Official: A bill to amend the Internal Revenue Code of 1986 to allow 5-year carryback of operating losses, and for other purposes. as introduced.
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Official Summary
10/22/2009--Introduced.Amends the Internal Revenue Code to allow a five-year carryback of net operating losses, including the operating losses of life insurance companies, incurred in 2008 and 2009. Denies such extended loss carryover period to: (1) taxpayers in whom the federal governmentOfficial Summary
10/22/2009--Introduced.Amends the Internal Revenue Code to allow a five-year carryback of net operating losses, including the operating losses of life insurance companies, incurred in 2008 and 2009. Denies such extended loss carryover period to:(1) taxpayers in whom the federal government acquires an equity interest under the Emergency Economic Stabilization Act of 2008;
(2) the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); and
(3) members of certain affiliated groups. Directs the Secretary of the Treasury to make transfers to the general fund to cover reductions in revenues resulting from this Act.
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Recent Blog Coverage
Pelosi Unveils Dem Health Care Bill: All 1990 Pages of It ...
The only reference I could find to paying for any of these handouts was in S.1835 where one will find this curious statement: "(g) Transfers to the General Fund- From time to time, the Secretary of the Treasury shall transfer to the ...
WashingtonWatch.com - S. 1835, A bill to amend the Internal ...
US Congress: S. 1835, A bill to amend the Internal Revenue Code of 1986 to allow 5-year carryback of operating losses, and for other purposes.
Bill Action: Introduced: S. 1835: A bill to amend the Internal ...
Sen. Samuel Brownback [R-KS] introduced this bill. [This event matched these trackers: Active Legislation ]
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