HR 561 · 111th Congress · Taxation

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

Introduced 2009-01-15· Sponsored by Rep. Markey, Betsy [D-CO-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-01-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (2)

2 Democrats
Rep. Bean, Melissa L. [D-IL-8]IL
Rep. Hodes, Paul W. [D-NH-2]NH