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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Latest Action Oct 22, 2009Read twice and referred to the Commi... Related Bills (4) & Issues (5) Users Tracking S.1835 (1)
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 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.
...Read the Rest
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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 ...
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 ]
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.
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