• Senators Introduce Broad Legislation to Extend Carryback Period for Net Operating Losses to 5 Years
  • April 22, 2009
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson LLP - New York Office
  • Two leading members of the Senate recently introduced a bill that would substantially expand the carryback period for net operating losses. As discussed in greater detail below, this legislation, if enacted into law, could provide a significant boost and provide relief for many businesses that are struggling in the current economy.