HR 6579
116th Congress
House
Taxation
Agricultural prices, subsidies, credit
Business expenses
Income tax deductions
Small business
Tax administration and collection, taxpayers
To amend the Internal Revenue Code of 1986 to allow certain taxpayers a 2-year carryback of net operating losses and to restore and make permanent the limitation on excess business losses of non-corporate taxpayers.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 21, 2020
Referred to the House Committee on Ways and Means.
Apr 21, 2020
Introduced in House
Plain-English summary
This bill makes permanent the limitation on excess business losses of noncorporate taxpayers and allows certain taxpayers a two-year carryback of net operating losses arising in 2020.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1