US HB561 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 15 2009 - 25% progression, died in committee
Action: 2009-01-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 15 2009 - 25% progression, died in committee
Action: 2009-01-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to: (1) allow a five-year carryback of net operating losses for taxable years ending in 2008 or 2009; and (2) suspend the 90% alternative minimum tax limitation on carrybacks and carryovers of net operating losses in such years.
Title
To amend the Internal Revenue Code of 1986 to allow a 5 year carryback of certain net operating losses, and for other purposes.
Sponsors
| Rep. Melissa Bean [D-IL] | Rep. Paul Hodes [D-NH] | Rep. Betsy Markey [D-CO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-01-15 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB293 (Related) 2009-01-21 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/561/all-info |
| Text | https://www.congress.gov/111/bills/hr561/BILLS-111hr561ih.pdf |
