Business Lifesavers
Some elected officials have proposed legislation to benefit businesses
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President Obama's fiscal year 2010 budget calls for a broad five-year net operating loss (NOL) carryback provision for businesses of all sizes. This measure, if approved by Congress, would allow businesses of any size to carryback losses to previously profitable years, therefore, generating necessary funds. Current law generally limits the NOL carryback period to two years.
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- Companies:
- Printing Industries of America, Inc.
- People:
- Julie Riccio
- Obama
E
Melissa Busch
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