http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
Explains current law and proposed legislation regarding the tax treatment of net operating loss (NOL), which is incurred when a business taxpayer has negative taxable income and can be used to obtain a refund for taxes paid in the past and/or to reduce future tax obligations. Highlights policy considerations relating to extension of the NOL carryback period.
Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.
Library of Congress. Congressional Research Service.