Summary: H.R.5107 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.5107. Bill summaries are authored by CRS.

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Introduced in House (01/23/2008)

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.