HR 6391
116th Congress
House
Taxation
Administrative law and regulatory procedures
Business expenses
Cardiovascular and respiratory health
Department of the Treasury
Emergency medical services and trauma care
Income tax deductions
Infectious and parasitic diseases
Small business
To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.
Introduced: March 25, 2020
Introduced by:
Schneider, Bradley Scott
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2020
Referred to the House Committee on Ways and Means.
Mar 25, 2020
Introduced in House
Plain-English summary
This bill allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1