H.R.5107 - Giving Resources and Opportunities to the Workforce Act of 2008

To amend the Internal Revenue Code of 1986 to allow a 5-year carryback for certain net operating losses and to increase the dollar limitation on expensing certain depreciable assets. view all titles (2)

All Bill Titles

  • Short: Giving Resources and Opportunities to the Workforce Act of 2008 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to allow a 5-year carryback for certain net operating losses and to increase the dollar limitation on expensing certain depreciable assets. as introduced.

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Introduced
 
House
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Senate
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President
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01/23/08
 
 
 
 
 
 
 

Official Summary

Giving Resources and Opportunities to the Workforce Act of 2008 - Amends the Internal Revenue Code to: (1) allow a five-year carryback for net operating losses incurred in 2007, 2008, or 2009; and (2) increase to $250,000 in 2008 the expensing allowance for certain depreciable business asse

Official Summary

Giving Resources and Opportunities to the Workforce Act of 2008 - Amends the Internal Revenue Code to:
(1) allow a five-year carryback for net operating losses incurred in 2007, 2008, or 2009; and
(2) increase to $250,000 in 2008 the expensing allowance for certain depreciable business assets.

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