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- S.1835
S.1835: A bill to amend the Internal Revenue Code of 1986 to allow 5-year carryback of operating losses, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced Oct. 22, 2009
- Latest Major Action Oct. 22, 2009
Bill Sponsor
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Oct. 22, 2009 |
Introduced in the Senate by Sam Brownback (R-Kan.) |