Net Operating Loss Clarification Act of 2019
USA116th CongressS-1996| Senate
| Updated: 6/26/2019
Martha McSally
Republican Senator
Arizona
Cosponsors (6)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Agricultural prices, subsidies, creditIncome tax deductionsLife, casualty, property insuranceTax administration and collection, taxpayers
Net Operating Loss Clarification Act of 2019
USA116th CongressS-1996| Senate
| Updated: 6/26/2019
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).
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Martha McSally
Republican Senator
Arizona
Cosponsors (6)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Agricultural prices, subsidies, creditIncome tax deductionsLife, casualty, property insuranceTax administration and collection, taxpayers