To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97.

Summary

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). The bill also allows an extension of the deadline for filing an application for a tentative carryback adjustment for net operating losses arising before January 1, 2018, and ending after December 31, 2017.

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Timeline

1. 27 June 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 27 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 June 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 June 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 June 2019

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 27 June 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Schweikert, David [R-AZ-1] · R · Sponsor
• Rep. Boyle, Brendan F. [D-PA-2] · D · Sponsor
• Rep. Fletcher, Lizzie [D-TX-7] · D · Sponsor
• Rep. Wagner, Ann [R-MO-2] · R · Cosponsor
• Rep. Lesko, Debbie [R-AZ-8] · R · Cosponsor
• Rep. Williams, Roger [R-TX-25] · R · Cosponsor
• · hswm00 · Standing

Related records

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