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HR 2452 111th Congress House Taxation Business investment and capital Income tax deductions Insurance industry and regulation Life, casualty, property insurance

Net Operating Loss (NOL) Carryback Act

Introduced: June 17, 2009 Introduced by: Neal, Richard E. Democratic · Massachusetts See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
May 15, 2009
Referred to the House Committee on Ways and Means.
May 15, 2009
Sponsor introductory remarks on measure. (CR E1180)
May 15, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

Net Operating Loss (NOL) Carryback Act - Amends the Internal Revenue Code to allow a five-year carryback of net operating losses, including the operating losses of life insurance companies, incurred in 2008 and 2009.

Denies such extended loss carryover period to: (1) taxpayers in whom the federal government acquires an equity interest under the Emergency Economic Stabilization Act of 2008; (2) the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (3) members of certain affiliated groups.

What's happening now May 15, 2009

Referred to the House Committee on Ways and Means.

 Related & companion bills 6
  • HR 4013 Related bill To amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purposes.
  • S 156 Related bill Small Business Stimulus Act of 2009
  • S 350 Related bill American Recovery and Reinvestment Act of 2009
  • S 1835 Related bill A bill to amend the Internal Revenue Code of 1986 to allow 5-year carryback of operating losses, and for other purposes.
  • S 1937 Related bill A bill to amend the Internal Revenue Code of 1986 to allow a 5-year carryback of operating losses, and for other purpos…
  • S 823 Identical bill Net Operating Loss (NOL) Carryback Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 36
All 36 Democratic 20 Republican 15
D
Matsui, Doris O.
California · Nov 5, 2009
 D
Welch, Peter
Vermont · Oct 27, 2009
 D
Courtney, Joe
Connecticut · Oct 26, 2009
 R
Guthrie, Brett
Kentucky · Oct 20, 2009
 R
Bilirakis, Gus M.
Florida · Oct 15, 2009
 R
Foxx, Virginia
North Carolina · Oct 14, 2009
 R
Cassidy, Bill
Louisiana · Oct 8, 2009
 D
Carson, André
Indiana · Oct 6, 2009
 D
Davis, Danny K.
Illinois · Oct 6, 2009
 D
Johnson, Henry C. "Hank"
Georgia · Oct 6, 2009
 D
Wasserman Schultz, Debbie
Florida · Oct 6, 2009
 R
Wilson, Joe
South Carolina · Oct 6, 2009
 R
Wittman, Robert J.
Virginia · Oct 6, 2009
 D
Cuellar, Henry
Texas · Sep 29, 2009
 R
Thompson, Glenn
Pennsylvania · Sep 25, 2009
 R
Blackburn, Marsha
Tennessee · Sep 23, 2009
 R
Smith, Christopher H.
New Jersey · Sep 23, 2009
 D
Costa, Jim
California · Sep 9, 2009
 D
Pallone, Frank
New Jersey · Sep 9, 2009
 D
Titus, Dina
Nevada · Jul 31, 2009
 D
Smith, Adam
Washington · Jul 29, 2009
 D
Peters, Gary C.
Michigan · Jul 28, 2009
 R
Turner, Michael R.
Ohio · Jul 28, 2009
 D
Sherman, Brad
California · Jul 24, 2009
 D
Van Hollen, Chris
Maryland · Jul 22, 2009
 D
Thompson, Mike
California · Jul 15, 2009
 D
Lofgren, Zoe
California · Jul 9, 2009
 R
Jordan, Jim
Ohio · Jun 26, 2009
 D
Bishop, Sanford D.
Georgia · Jun 25, 2009
 R
Latta, Robert E.
Ohio · Jun 25, 2009
 R
Sessions, Pete
Texas · Jun 25, 2009
 D
Thompson, Bennie G.
Mississippi · Jun 24, 2009
McCarthy, Kevin
· Jun 17, 2009
 R
Diaz-Balart, Mario
Florida · Jun 9, 2009
 D
Larson, John B.
Connecticut · Jun 3, 2009
 R
Buchanan, Vern
Florida · May 21, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2452: Net Operating Loss (NOL) Carryback Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2452/
MLA
"H.R. 2452: Net Operating Loss (NOL) Carryback Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2452/.
Bluebook (legal)
H.R. 2452, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2452/.
Markdown link
[H.R. 2452: Net Operating Loss (NOL) Carryback Act](https://openamerica.io/bill/111-HR-2452/)
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