S. 156 (111th): Small Business Stimulus Act of 2009

Introduced:
Jan 06, 2009 (111th Congress, 2009–2010)
Status:
Died (Referred to Committee)
Sponsor
Olympia Snowe
Senator from Maine
Party
Republican
Text
Read Text »
Last Updated
Jan 06, 2009
Length
3 pages
Related Bills
S. 2552 (110th) was a previous version of this bill.

Referred to Committee
Last Action: Jan 24, 2008

H.R. 2452 (Related)
Net Operating Loss (NOL) Carryback Act

Referred to Committee
Last Action: May 15, 2009

 
Status

This bill was introduced on January 6, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 06, 2009
Referred to Committee Jan 06, 2009
 
Full Title

A bill to amend the Internal Revenue Code of 1986 to extend enhanced small business expensing and to provide for a 5-year net operating loss carryback for losses incurred in 2008 or 2009.

Summary

No summaries available.

Cosponsors
2 cosponsors (2D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/6/2009--Introduced.
Small Business Stimulus Act of 2009 - Amends the Internal Revenue Code to: (1) extend through 2010 the increased expensing allowance for depreciable business assets; and (2) extend from two to five years the carryback period for net operating losses incurred in 2008 or 2009.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

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