United States · Bill · S
S. 823 (111th)
Net Operating Loss (NOL) Carryback Act
Introduced
2 April 2009
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
5 December 2025
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.
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Votes
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 2 April 2009
Introduced in Senate (PDF)
Introduced in Senate · EN · 2 April 2009
Introduced in Senate
summary · EN · 2 April 2009
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/111th-congress/senate-bill/823
- Open data entity: https://api.congress.gov/v3/bill/111/s/823