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United States · Bill · S

S. 1996 (116th)

Net Operating Loss Clarification Act of 2019

referredUnited States· United States Congress· EN

Introduced

26 June 2019

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

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).

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Documents

3 official files

Introduced in Senate (text)

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Sources

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