House democrats stiff homebuilders

Despite President Obama asking for it, democrats in the House of Representatives left out a proposal in the 2010 budget that would have expanded the net operating loss carryback window for homebuilders. In plain language, the provision would have given homebuilders the ability to use recent red ink to offset taxable profits from previous years.

The National Association of Homebuilders hasn’t given up on the proposal and is actively lobbying Congress to allow it to apply the loss carryback provision to all business.

Looking for your next job?
Careersingear.com is the go-to platform for the Trucking industry. Don’t just find the job you need; find the job you want with the company that wants you!