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United States · Bill · HR

H.R. 2450 (117th)

To amend the Internal Revenue Code of 1986 to except certain individuals from the 80 percent taxable income limitation on net operating loss carryovers.

referredUnited States· United States Congress· EN

Introduced

12 April 2021

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

This bill exempts taxpayers whose modified adjusted gross income does not exceed $400,000 in a taxable year from the 80% taxable income limit on net operating loss carryovers.

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Documents

3 official files

Introduced in House (text)

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Sources

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