HR 5107
110th Congress
House
Taxation
Commerce
Depreciation and amortization
Income tax
Losses
Tax deductions
Giving Resources and Opportunities to the Workforce Act of 2008
Introduced: January 23, 2008
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 23, 2008
Referred to the House Committee on Ways and Means.
Jan 23, 2008
Introduced in House
Plain-English summary
Giving Resources and Opportunities to the Workforce Act of 2008 - Amends the Internal Revenue Code to: (1) allow a five-year carryback for net operating losses incurred in 2007, 2008, or 2009; and (2) increase to $250,000 in 2008 the expensing allowance for certain depreciable business assets.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1