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HR 3587 116th Congress House Taxation Business expenses Income tax deductions Tax administration and collection, taxpayers

To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97.

Introduced: June 27, 2019 Introduced by: Schweikert, David Republican · Arizona See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 27, 2019
Referred to the House Committee on Ways and Means.
Jun 27, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

This bill amends the Tax Cuts and Jobs Act of 2017 (P.L. 115-97) to provide that the net operating carryforward and carryback modifications in that Act are effective for net operating losses arising in taxable years beginning after December 31, 2017 (instead of tax years ending after December 31, 2017).

The bill also allows an extension of the deadline for filing an application for a tentative carryback adjustment for net operating losses arising before January 1, 2018, and ending after December 31, 2017.

What's happening now June 27, 2019

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 2 Republican 2
R
Williams, Roger
Texas · Jan 14, 2020
Lesko, Debbie
· Oct 15, 2019
 R
Wagner, Ann
Missouri · Jul 11, 2019
 D
Boyle, Brendan F.
Pennsylvania · Jun 27, 2019
 D
Fletcher, Lizzie
Texas · Jun 27, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3587: To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97.. 116th Congress. Open America. https://openamerica.io/bill/116-HR-3587/
MLA
"H.R. 3587: To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-3587/.
Bluebook (legal)
H.R. 3587, 116th Cong. (2026), https://openamerica.io/bill/116-HR-3587/.
Markdown link
[H.R. 3587: To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97.](https://openamerica.io/bill/116-HR-3587/)
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