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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
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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 26, 2019
Read twice and referred to the Committee on Finance.
Jun 26, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 June 26, 2019

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 4
R
Cruz, Ted
Texas · Jul 16, 2019
 R
Hyde-Smith, Cindy
Mississippi · Jul 11, 2019
 R
Blackburn, Marsha
Tennessee · Jun 26, 2019
 R
Cornyn, John
Texas · Jun 26, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1996: Net Operating Loss Clarification Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-1996/
MLA
"S. 1996: Net Operating Loss Clarification Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1996/.
Bluebook (legal)
S. 1996, 116th Cong. (2026), https://openamerica.io/bill/116-S-1996/.
Markdown link
[S. 1996: Net Operating Loss Clarification Act of 2019](https://openamerica.io/bill/116-S-1996/)
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