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.

referredUnited States· United States Congress· EN

Introduced

21 April 2020

Last action

21 April 2020 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Doggett, Lloyd [D-TX-37], Rep. Raskin, Jamie [D-MD-8], Rep. DeLauro, Rosa L. [D-CT-3], Rep. Cohen, Steve [D-TN-9], Rep. Beyer, Donald S. [D-VA-8], Rep. Blumenauer, Earl [D-OR-3], Rep. Khanna, Ro [D-CA-17], Rep. Pocan, Mark [D-WI-2], Rep. Schakowsky, Janice D. [D-IL-9], Sen. Welch, Peter [D-VT], Rep. Wild, Susan [D-PA-7], Rep. DeFazio, Peter A. [D-OR-4], Rep. Jayapal, Pramila [D-WA-7], Rep. Omar, Ilhan [D-MN-5], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Scanlon, Mary Gay [D-PA-5], Rep. Hayes, Jahana [D-CT-5], Rep. Pressley, Ayanna [D-MA-7], Rep. Tonko, Paul [D-NY-20], Rep. Ocasio-Cortez, Alexandria [D-NY-14], Rep. Kaptur, Marcy [D-OH-9], Rep. Sarbanes, John P. [D-MD-3], Rep. Napolitano, Grace F. [D-CA-32], Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large], Rep. Tlaib, Rashida [D-MI-12], Rep. Watson Coleman, Bonnie [D-NJ-12], Rep. Lee, Barbara [D-CA-12], Rep. Cicilline, David N. [D-RI-1], Rep. Haaland, Debra A. [D-NM-1], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Ryan, Tim [D-OH-13], Rep. Maloney, Carolyn B. [D-NY-12], Rep. McGovern, James P. [D-MA-2], Rep. Connolly, Gerald E. [D-VA-11], Rep. Kennedy, Joseph P., III [D-MA-4], Rep. Langevin, James R. [D-RI-2], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. Brownley, Julia [D-CA-26], Rep. Takano, Mark [D-CA-39], Rep. Clarke, Yvette D. [D-NY-9], Rep. Nadler, Jerrold [D-NY-12], Rep. DeGette, Diana [D-CO-1], Rep. Chu, Judy [D-CA-28], Sen. Blunt Rochester, Lisa [D-DE], Rep. Evans, Dwight [D-PA-3], Rep. Castro, Joaquin [D-TX-20], Rep. Kelly, Robin L. [D-IL-2], Rep. Garcia, Sylvia R. [D-TX-29]

Subjects

Taxation

Source updated

3 January 2025

Taxation

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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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

21 April 2020
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
21 April 2020
Introduced
Introduced in House
Source: IntroReferral
21 April 2020
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 21 April 2020 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 21 April 2020
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Introduced in House (PDF)
Introduced in House · EN · 21 April 2020
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Introduced in House
summary · EN · 21 April 2020
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to ← CARES Windfall for the Wealthiest Repeal Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/116th-congress/house-bill/6579
Open data entity: https://api.congress.gov/v3/bill/116/hr/6579
us · 116-hr-6579 · source updated 3 January 2025