Representative Bil Cassidy co-sponsors H.R. 1635 – Ponzi Scheme Victims’ Tax Relief Act of 2011. More on this bill can be found
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California residents: This is a VERY IMPORTANT NEXT STEP FOLLOW UP to our previous posting of May 23rd: California SB 157 which would amend the California tax code to conform with the Federal Revenue Procedure 2009-20, so that California tax payers could carry back NOL for 5 years. There was a vote in the Governance and Finance Committee on this bill on May 18 and it lost by one vote. However it is eligible for reconsideration and our next best chance [...] Representatives Miller [D-NC13], Crowley [D-NY7] and Welch [D-VT] sign on to H.R. 1635 – Ponzi Scheme Victims’ Tax Relief Act of 2011. Click here for the full list of current [...] Senator Joel Anderson has introduced legislation that would require the state to allow net operating loss carryovers for victims of investment fraud as well as other features that would be of great benefit to those who are victims. |
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