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HR 5107 110th Congress House

Giving Resources and Opportunities to the Workforce Act of 2008

Official title: To amend the Internal Revenue Code of 1986 to allow a 5-year carryback for certain net operating losses and to increase the dollar limitation on expensing certain depreciable assets.

Introduced: February 6, 2008 See on congress.gov
Taxation CommerceDepreciation and amortizationIncome taxLossesTax deductions
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action January 23, 2008

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 3
  • HR 4995 Related bill Middle Class Jobs Protection Act of 2008
  • HR 5140 Related bill Economic Stimulus Act of 2008
  • S 2540 Related bill A bill to amend the Internal Revenue Code to provide expensing for certain property placed in service during 2008 and 2…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Gillibrand, Kirsten E.
New York · Feb 6, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5107: Giving Resources and Opportunities to the Workforce Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-5107/
MLA
"H.R. 5107: Giving Resources and Opportunities to the Workforce Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-5107/.
Bluebook (legal)
H.R. 5107, 110th Cong. (2026), https://openamerica.io/bill/110-HR-5107/.
Markdown link
[H.R. 5107: Giving Resources and Opportunities to the Workforce Act of 2008](https://openamerica.io/bill/110-HR-5107/)
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