3.0.0 4013 2023-01-11T13:17:20Z 2023-01-11T13:17:20Z House H HR 2009-11-03 111 hswm00 Ways and Means Committee House Standing Referred to 2009-11-03T13:01:47Z Net Operating Loss (NOL) Carryback Act 111 2452 HR 2009-05-15 Referred to the House Committee on Ways and Means. Related bill CRS Net Operating Loss (NOL) Carryback Act 111 823 S 2009-04-02 Read twice and referred to the Committee on Finance. Related bill CRS A bill to amend the Internal Revenue Code of 1986 to allow 5-year carryback of operating losses, and for other purposes. 111 1835 S 2009-10-22 Read twice and referred to the Committee on Finance. Identical bill CRS A bill to amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes. 111 1937 S 2009-10-27 Read twice and referred to the Committee on Finance. Identical bill CRS 2009-11-03 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-11-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-11-03 Introduced in House IntroReferral 1000 9 Library of Congress T000260 Rep. Tiahrt, Todd [R-KS-4] TODD TIAHRT R KS 4 N Taxation Business investment and capital Income tax deductions Insurance industry and regulation Life, casualty, property insurance Taxation 00 2009-11-03 Introduced in House 2009-11-19T21:52:49Z 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.

Directs the Secretary of the Treasury to make transfers to the general fund to cover reductions in revenues resulting from this Act.

]]> To amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes. Display Title To amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes. Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes. Introduced in House IH Introduced in House 2009-11-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4013ih/xml/BILLS-111hr4013ih.xml 2009-11-03 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.