US HB2452 | 2009-2010 | 111th Congress
Status
Sponsorship: Bipartisan Bill
Status: Introduced on May 15 2009 - 25% progression, died in committee
Action: 2009-05-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 15 2009 - 25% progression, died in committee
Action: 2009-05-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
Net Operating Loss (NOL) Carryback Act
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-05-15 | Referred to the House Committee on Ways and Means. | |
| 2009-05-15 | Sponsor introductory remarks on measure. (CR E1180) |
Same As/Similar To
HB4013 (Related) 2009-11-03 - Referred to the House Committee on Ways and Means.
SB156 (Related) 2009-01-06 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S139)
SB350 (Related) 2009-01-30 - Star Print ordered on the bill.
SB823 (Same As) 2009-04-02 - Read twice and referred to the Committee on Finance.
SB1835 (Related) 2009-10-22 - Read twice and referred to the Committee on Finance.
SB1937 (Related) 2009-10-27 - Read twice and referred to the Committee on Finance.
SB156 (Related) 2009-01-06 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S139)
SB350 (Related) 2009-01-30 - Star Print ordered on the bill.
SB823 (Same As) 2009-04-02 - Read twice and referred to the Committee on Finance.
SB1835 (Related) 2009-10-22 - Read twice and referred to the Committee on Finance.
SB1937 (Related) 2009-10-27 - Read twice and referred to the Committee on Finance.
Subjects
Business investment and capital
Income tax deductions
Insurance industry and regulation
Life, casualty, property insurance
Taxation
Income tax deductions
Insurance industry and regulation
Life, casualty, property insurance
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/2452/all-info |
| Text | https://www.congress.gov/111/bills/hr2452/BILLS-111hr2452ih.pdf |
