To amend the Internal Revenue Code of 1986 to treat nonrecourse small business investment company loans from the Small Business Administration as amounts at risk for purposes of determining the deduction for losses.

3.0.0 4211 2023-01-11T13:16:59Z 2023-01-11T13:16:59Z House H HR 2009-12-03 111 hswm00 Ways and Means Committee House Standing Referred to 2009-12-03T15:03:47Z 2009-12-03 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-12-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-12-03 Introduced in House IntroReferral 1000 9 Library of Congress T000460 Rep. Thompson, Mike [D-CA-1] MIKE THOMPSON D CA 1 N W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2009-12-03 True I000026 Rep. Inslee, Jay [D-WA-1] JAY INSLEE D WA 1 2010-04-20 False Taxation Business investment and capital Government lending and loan guarantees Income tax deductions Small business Taxation

00 2009-12-03 Introduced in House 2010-01-28T22:40:03Z Amends the Internal Revenue Code to revise the definition of "qualified nonrecourse financing" to include qualified nonrecourse real property or Small Business Investment Company financing as amounts at risk for purposes of determining the deductibility of losses from certain investment activities, including farming, leasing, and energy exploration.

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To amend the Internal Revenue Code of 1986 to treat nonrecourse small business investment company loans from the Small Business Administration as amounts at risk for purposes of determining the deduction for losses. Display Title To amend the Internal Revenue Code of 1986 to treat nonrecourse small business investment company loans from the Small Business Administration as amounts at risk for purposes of determining the deduction for losses. Official Title as Introduced To amend the Internal Revenue Code of 1986 to treat nonrecourse small business investment company loans from the Small Business Administration as amounts at risk for purposes of determining the deduction for losses. Introduced in House IH Introduced in House 2009-12-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4211ih/xml/BILLS-111hr4211ih.xml 2009-12-03 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.