S. 2650 would 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.

== Detailed Summary ==

<summary>
(Log in to editAmends the wiki and be the first to provideInternal Revenue Code to: (1) allow a detailed summaryfive-year carryback of net operating losses for taxable years beginning or ending during 2006, 2007, or 2008; and (2) suspend the bill!)90% alternative minimum tax limitation on carrybacks and carryovers of net operating losses in such years.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 2/14/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
</status>

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== Points in Favor ==

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== Points Against ==

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