Net Operating Loss (NOL) Carryback Act

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 15 May 2009

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 15 May 2009

   Introduced

   Sponsor introductory remarks on measure. (CR E1180)

   Source: IntroReferral

3. 15 May 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 15 May 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 15 May 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 May 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 15 May 2009

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 15 May 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
• Rep. Tiberi, Patrick J. [R-OH-12] · R · Sponsor
• Rep. Pascrell, Bill, Jr. [D-NJ-9] · D · Sponsor
• Rep. Davis, Artur [D-AL-7] · D · Sponsor
• Rep. Bean, Melissa L. [D-IL-8] · D · Sponsor
• Rep. Hodes, Paul W. [D-NH-2] · D · Sponsor
• Rep. Kind, Ron [D-WI-3] · D · Cosponsor
• Rep. Crowley, Joseph [D-NY-14] · D · Cosponsor
• Rep. Markey, Betsy [D-CO-4] · D · Cosponsor
• Rep. Fudge, Marcia L. [D-OH-11] · D · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Buchanan, Vern [R-FL-16] · R · Cosponsor
• Rep. Tanner, John S. [D-TN-8] · D · Cosponsor
• Rep. Childers, Travis [D-MS-1] · D · Cosponsor
• Rep. Maloney, Carolyn B. [D-NY-12] · D · Cosponsor
• Rep. Carney, Christopher P. [D-PA-10] · D · Cosponsor
• Rep. Schwartz, Allyson Y. [D-PA-13] · D · Cosponsor
• Rep. Gohmert, Louie [R-TX-1] · R · Cosponsor
• Rep. Israel, Steve [D-NY-3] · D · Cosponsor
• Rep. LaTourette, Steven C. [R-OH-14] · R · Cosponsor
• Rep. Lee, Christopher J. [R-NY-26] · R · Cosponsor
• Rep. Berkley, Shelley [D-NV-1] · D · Cosponsor
• Rep. Larson, John B. [D-CT-1] · D · Cosponsor
• Rep. Hall, Ralph M. [R-TX-4] · R · Cosponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Cosponsor
• Rep. Roe, David P. [R-TN-1] · R · Cosponsor
• Rep. Petri, Thomas E. [R-WI-6] · R · Cosponsor
• Rep. Paul, Ron [R-TX-14] · R · Cosponsor
• Rep. Schock, Aaron [R-IL-18] · R · Cosponsor
• Rep. Diaz-Balart, Mario [R-FL-26] · R · Cosponsor
• Rep. Boccieri, John A. [D-OH-16] · D · Cosponsor
• Rep. Nunes, Devin [R-CA-22] · R · Cosponsor
• Rep. Etheridge, Bob [D-NC-2] · D · Cosponsor
• Rep. Hunter, Duncan D. [R-CA-50] · R · Cosponsor
• Rep. Hensarling, Jeb [R-TX-5] · R · Cosponsor
• Rep. Weiner, Anthony D. [D-NY-9] · D · Cosponsor
• Rep. Davis, Geoff [R-KY-4] · R · Cosponsor
• Rep. Linder, John [R-GA-7] · R · Cosponsor
• Rep. Brown-Waite, Ginny [R-FL-5] · R · Cosponsor
• Rep. Bono, Mary [R-CA-44] · R · Cosponsor
• Rep. Higgins, Brian [D-NY-26] · D · Cosponsor
• Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Cosponsor
• Rep. Putnam, Adam H. [R-FL-12] · R · Cosponsor
• Rep. Reichert, David G. [R-WA-8] · R · Cosponsor
• Rep. McCarthy, Kevin [R-CA-22] · R · Cosponsor
• Rep. Cantor, Eric [R-VA-7] · R · Cosponsor
• Rep. Granger, Kay [R-TX-12] · R · Cosponsor
• Rep. Roskam, Peter J. [R-IL-6] · R · Cosponsor

Showing 48 of 199 sponsors and actors.

Related records

• related to ← To amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes.
• related to ← Small Business Stimulus Act of 2009
• related to ← American Recovery and Reinvestment Act of 2009
• related to ← Net Operating Loss (NOL) Carryback Act
• related to ← A bill to amend the Internal Revenue Code of 1986 to allow 5-year carryback of operating losses, and for other purposes.
• related to ← A bill to amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes.