Net Operating Loss (NOL) Carryback Act

referredUnited States· United States Congress· EN

Introduced

2 April 2009

Last action

2 April 2009 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Snowe, Olympia J. [R-ME], Sen. Baucus, Max [D-MT], Sen. Hatch, Orrin G. [R-UT], Sen. Stabenow, Debbie [D-MI], Sen. Ensign, John [R-NV], Sen. Lincoln, Blanche L. [D-AR], Sen. Cantwell, Maria [D-WA], Sen. Nelson, Bill [D-FL], Sen. Collins, Susan M. [R-ME], Sen. Vitter, David [R-LA], Sen. Gregg, Judd [R-NH], Sen. Bunning, Jim [R-KY], Sen. Isakson, Johnny [R-GA], Sen. Crapo, Mike [R-ID], Sen. Voinovich, George V. [R-OH], Sen. Inhofe, James M. [R-OK], Sen. Roberts, Pat [R-KS], Sen. Menendez, Robert [D-NJ], Sen. Risch, James E. [R-ID], Sen. Shaheen, Jeanne [D-NH], Sen. Chambliss, Saxby [R-GA], Sen. Specter, Arlen [R-PA], Sen. Graham, Lindsey [R-SC], Sen. Martinez, Mel [R-FL], Sen. Corker, Bob [R-TN], Sen. Cornyn, John [R-TX], Sen. Brown, Sherrod [D-OH], Sen. Hutchison, Kay Bailey [R-TX], Sen. Murray, Patty [D-WA], Sen. Gillibrand, Kirsten E. [D-NY], Sen. Pryor, Mark L. [D-AR], Sen. Sessions, Jeff [R-AL], Sen. Hagan, Kay R. [D-NC], Sen. Burr, Richard [R-NC], Sen. Nelson, Ben [D-NE], Sen. Landrieu, Mary L. [D-LA], Sen. Bayh, Evan [D-IN], Sen. Tester, Jon [D-MT], Sen. Bennett, Robert F. [R-UT], Sen. Bond, Christopher S. [R-MO], Sen. Bennet, Michael F. [D-CO], Sen. Cardin, Benjamin L. [D-MD], Sen. Udall, Mark [D-CO], Sen. Boxer, Barbara [D-CA], Sen. Casey, Robert P., Jr. [D-PA], Sen. LeMieux, George S. [R-FL]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official source Download file View documents Share

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

2 April 2009
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
2 April 2009
Introduced
Sponsor introductory remarks on measure. (CR S4385)
Source: IntroReferral
2 April 2009
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 2 April 2009 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 2 April 2009
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Introduced in Senate (PDF)
Introduced in Senate · EN · 2 April 2009
View Download Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in Senate
summary · EN · 2 April 2009
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

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.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/111th-congress/senate-bill/823
Open data entity: https://api.congress.gov/v3/bill/111/s/823
us · 111-s-823 · source updated 5 December 2025