S. 823 · 111th Congress · 2009–2010
Net Operating Loss (NOL) Carryback Act
S. 823 in the 111th Congress (2009–2010) was introduced on Apr 2, 2009, sponsored by Olympia J. Snowe with 45 co-sponsors.
During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Apr 2, 2009
- Co-sponsors
- 45
- Policy area
- Taxation
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Olympia J. Snowe (R-ME). Co-sponsors: 22 Democrats, 23 Republicans.
Where it stands
- IntroducedApr 2, 2009
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Finance. (Apr 2, 2009)
More bills from Olympia J. Snowe in the 111th Congress
Other Taxation bills in the 111th Congress
- H.R. 4462: To accelerate the income tax benefits for charitable cash contributions for the relief of victims…
- H.R. 4887: TRICARE Affirmation Act
- H.R. 5623: Homebuyer Assistance and Improvement Act of 2010
- H.R. 4213: Unemployment Compensation Extension Act of 2010
- H.R. 1586: Aviation Safety and Investment Act of 2010
- H.R. 5552: Firearms Excise Tax Improvement Act of 2010
- H.R. 4783: Claims Resolution Act of 2010
- H.R. 4994: Medicare and Medicaid Extenders Act of 2010
- H.R. 4337: Regulated Investment Company Modernization Act of 2010
- H.R. 5901: Real Estate Jobs and Investment Act of 2010
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 823 (111th Congress): Net Operating Loss (NOL) Carryback Act,” https://www.capitolreceipts.com/bill/111-s-823/net-operating-loss-nol-carryback-act (accessed 2026-10-14).