S 1996
116th Congress
Senate
Taxation
Agricultural prices, subsidies, credit
Income tax deductions
Life, casualty, property insurance
Tax administration and collection, taxpayers
Net Operating Loss Clarification Act of 2019
Introduced: June 26, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2019
Read twice and referred to the Committee on Finance.
Jun 26, 2019
Introduced in Senate
Plain-English summary
Net Operating Loss Clarification Act of 2019
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).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1