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.
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.
Referred to the House Committee on Ways and Means.
Became Public Law No: 110-185.
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S100-101)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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