S.156 - Small Business Stimulus Act of 2009

A bill to amend the Internal Revenue Code of 1986 to extend enhanced small business expensing and to provide for a 5-year net operating loss carryback for losses incurred in 2008 or 2009. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to extend enhanced small business expensing and to provide for a 5-year net operating loss carryback for losses incurred in 2008 or 2009. as introduced.
  • Short: Small Business Stimulus Act of 2009 as introduced.

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President
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01/06/09
 
 
 
 
 
 
 

Official Summary

Small Business Stimulus Act of 2009 - Amends the Internal Revenue Code to: (1) extend through 2010 the increased expensing allowance for depreciable business assets; and (2) extend from two to five years the carryback period for net operating losses incurred in 2008 or 2009.

Official Summary

Small Business Stimulus Act of 2009 - Amends the Internal Revenue Code to:
(1) extend through 2010 the increased expensing allowance for depreciable business assets; and
(2) extend from two to five years the carryback period for net operating losses incurred in 2008 or 2009.

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