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.
USA116th CongressHR-6579| House
| Updated: 4/21/2020
Lloyd Doggett
Democratic Representative
Texas
Cosponsors (56)
Dwight Evans (Democratic)Tim Ryan (Democratic)Marcy Kaptur (Democratic)Sylvia R. Garcia (Democratic)Barbara Lee (Democratic)Robin L. Kelly (Democratic)Joseph P. Kennedy (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)James R. Langevin (Democratic)Lisa Blunt Rochester (Democratic)David N. Cicilline (Democratic)Carolyn B. Maloney (Democratic)Debra A. Haaland (Democratic)Joe Courtney (Democratic)Ilhan Omar (Democratic)Gregorio Kilili Camacho Sablan (Democratic)Steve Cohen (Democratic)Paul Tonko (Democratic)John P. Sarbanes (Democratic)Rosa L. DeLauro (Democratic)Danny K. Davis (Democratic)Peter A. DeFazio (Democratic)Ted Lieu (Democratic)Ro Khanna (Democratic)Alan S. Lowenthal (Democratic)Joaquin Castro (Democratic)Jahana Hayes (Democratic)Jerrold Nadler (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Pramila Jayapal (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Mary Gay Scanlon (Democratic)Jamie Raskin (Democratic)Donald S. Beyer (Democratic)Sean Casten (Democratic)Diana DeGette (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Alexandria Ocasio-Cortez (Democratic)Julia Brownley (Democratic)Yvette D. Clarke (Democratic)Peter Welch (Democratic)Earl Blumenauer (Democratic)Suzanne Bonamici (Democratic)Jesús G. "Chuy" García (Democratic)Rashida Tlaib (Democratic)Ayanna Pressley (Democratic)Alcee L. Hastings (Democratic)Gerald E. Connolly (Democratic)Chellie Pingree (Democratic)Grace F. Napolitano (Democratic)Susan Wild (Democratic)Judy Chu (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Agricultural prices, subsidies, creditBusiness expensesIncome tax deductionsSmall businessTax administration and collection, taxpayers
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.
USA116th CongressHR-6579| House
| Updated: 4/21/2020
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.
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.
Lloyd Doggett
Democratic Representative
Texas
Cosponsors (56)
Dwight Evans (Democratic)Tim Ryan (Democratic)Marcy Kaptur (Democratic)Sylvia R. Garcia (Democratic)Barbara Lee (Democratic)Robin L. Kelly (Democratic)Joseph P. Kennedy (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)James R. Langevin (Democratic)Lisa Blunt Rochester (Democratic)David N. Cicilline (Democratic)Carolyn B. Maloney (Democratic)Debra A. Haaland (Democratic)Joe Courtney (Democratic)Ilhan Omar (Democratic)Gregorio Kilili Camacho Sablan (Democratic)Steve Cohen (Democratic)Paul Tonko (Democratic)John P. Sarbanes (Democratic)Rosa L. DeLauro (Democratic)Danny K. Davis (Democratic)Peter A. DeFazio (Democratic)Ted Lieu (Democratic)Ro Khanna (Democratic)Alan S. Lowenthal (Democratic)Joaquin Castro (Democratic)Jahana Hayes (Democratic)Jerrold Nadler (Democratic)Anna G. Eshoo (Democratic)Mark Takano (Democratic)Pramila Jayapal (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Mary Gay Scanlon (Democratic)Jamie Raskin (Democratic)Donald S. Beyer (Democratic)Sean Casten (Democratic)Diana DeGette (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Alexandria Ocasio-Cortez (Democratic)Julia Brownley (Democratic)Yvette D. Clarke (Democratic)Peter Welch (Democratic)Earl Blumenauer (Democratic)Suzanne Bonamici (Democratic)Jesús G. "Chuy" García (Democratic)Rashida Tlaib (Democratic)Ayanna Pressley (Democratic)Alcee L. Hastings (Democratic)Gerald E. Connolly (Democratic)Chellie Pingree (Democratic)Grace F. Napolitano (Democratic)Susan Wild (Democratic)Judy Chu (Democratic)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Agricultural prices, subsidies, creditBusiness expensesIncome tax deductionsSmall businessTax administration and collection, taxpayers