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  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
    IntroducedJanuary 15th, 2009

Bill Details

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Official Title

To amend the Internal Revenue Code of 1986 to allow a 5 year carryback of certain net operating losses, and for other purposes.

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.

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