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S 2650 110th Congress Senate

A bill to provide for a 5-year carryback of certain net operating losses and to suspend the 90 percent alternative minimum tax limit on certain net operating losses.

Introduced: February 14, 2008 See on congress.gov
Taxation Income taxLossesMinimum taxTax 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2008
Read twice and referred to the Committee on Finance.
Feb 14, 2008
Sponsor introductory remarks on measure. (CR S1067)
Feb 14, 2008
Introduced in Senate
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 Latest action February 14, 2008

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) allow a five-year carryback of net operating losses for taxable years beginning or ending during 2006, 2007, or 2008; and (2) suspend the 90% alternative minimum tax limitation on carrybacks and carryovers of net operating losses in such years.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Cornyn, John
Texas · Feb 14, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2650: A bill to provide for a 5-year carryback of certain net operating losses and to suspend the 90 percent alternative minimum tax limit on certain net operating losses.. 110th Congress. Open America. https://openamerica.io/bill/110-S-2650/
MLA
"S. 2650: A bill to provide for a 5-year carryback of certain net operating losses and to suspend the 90 percent alternative minimum tax limit on certain net operating losses.." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2650/.
Bluebook (legal)
S. 2650, 110th Cong. (2026), https://openamerica.io/bill/110-S-2650/.
Markdown link
[S. 2650: A bill to provide for a 5-year carryback of certain net operating losses and to suspend the 90 percent alternative minimum tax limit on certain net operating losses.](https://openamerica.io/bill/110-S-2650/)
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