US SB1996 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: Introduced on June 26 2019 - 25% progression, died in committee
Action: 2019-06-26 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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).

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Net Operating Loss Clarification Act of 2019

Sponsors


History

DateChamberAction
2019-06-26SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB3587 (Related) 2019-06-27 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

feedback