H.R.2452 - Net Operating Loss (NOL) Carryback Act

To amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes. view all titles (3)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes. as introduced.
  • Short: Net Operating Loss (NOL) Carryback Act as introduced.
  • Official: Net Operating Loss (NOL) Carryback Act as introduced.

Bill’s Views

  • Today: 1
  • Past Seven Days: 2
  • All-Time: 5,859
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/15/09
 
 
 
 
 
 
 

Sponsor

N000015

Representative

Richard Neal

D-MA

View Co-Sponsors (197)

Official Summary

Net Operating Loss (NOL) Carryback Act - 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 f

Official Summary

Net Operating Loss (NOL) Carryback Act - 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.

...Read the Rest




Vote on This Bill

100% Users Support Bill

9 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC