To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.
USA116th CongressHR-6391| House
| Updated: 3/25/2020
Bradley Scott Schneider
Democratic Representative
Illinois
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Administrative law and regulatory proceduresBusiness expensesCardiovascular and respiratory healthDepartment of the TreasuryEmergency medical services and trauma careIncome tax deductionsInfectious and parasitic diseasesSmall business
To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.
USA116th CongressHR-6391| House
| Updated: 3/25/2020
This bill allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Bradley Scott Schneider
Democratic Representative
Illinois
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBusiness expensesCardiovascular and respiratory healthDepartment of the TreasuryEmergency medical services and trauma careIncome tax deductionsInfectious and parasitic diseasesSmall business