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

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about taxation
  • Introduced May 15, 2009
  • Latest Major Action May 15, 2009

Bill Cosponsors

197 (109 Democrats, 89 Republicans)

Bill 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...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
May 15, 2009

Introduced in the House by Richard E. Neal (D-Mass.)

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