CARES Windfall for the Wealthiest Repeal Act

United States117th CongressHR-696House of Representatives
Updated: Feb 2, 2021

Summary

CARES Windfall for the Wealthiest Repeal Act This bill restores and makes permanent the limitation on excess businesses losses of noncorporate taxpayers. It also allows taxpayers a carryback of their net operating losses arising in 2019 and 2020.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-147: CARES Windfall for the Wealthiest Repeal Act

Introduced in Senate

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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