CARES Windfall for the Wealthiest Repeal Act
USA117th CongressHR-696| House
| Updated: 2/2/2021
Lloyd Doggett
Democratic Representative
Texas
Cosponsors (31)
Tim Ryan (Democratic)Marcy Kaptur (Democratic)Sylvia R. Garcia (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)James R. Langevin (Democratic)David N. Cicilline (Democratic)Steve Cohen (Democratic)Paul Tonko (Democratic)John P. Sarbanes (Democratic)Rosa L. DeLauro (Democratic)Peter A. DeFazio (Democratic)Ted Lieu (Democratic)Jahana Hayes (Democratic)Jerrold Nadler (Democratic)Anna G. Eshoo (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Mary Gay Scanlon (Democratic)Donald S. Beyer (Democratic)Sean Casten (Democratic)Diana DeGette (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Peter Welch (Democratic)Earl Blumenauer (Democratic)Suzanne Bonamici (Democratic)Jesús G. "Chuy" García (Democratic)Gerald E. Connolly (Democratic)Chellie Pingree (Democratic)Judy Chu (Democratic)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Agricultural prices, subsidies, creditBusiness expensesIncome tax deductionsTax administration and collection, taxpayers
CARES Windfall for the Wealthiest Repeal Act
USA117th CongressHR-696| House
| Updated: 2/2/2021
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.
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 (31)
Tim Ryan (Democratic)Marcy Kaptur (Democratic)Sylvia R. Garcia (Democratic)Raúl M. Grijalva (Democratic)Mark Pocan (Democratic)James R. Langevin (Democratic)David N. Cicilline (Democratic)Steve Cohen (Democratic)Paul Tonko (Democratic)John P. Sarbanes (Democratic)Rosa L. DeLauro (Democratic)Peter A. DeFazio (Democratic)Ted Lieu (Democratic)Jahana Hayes (Democratic)Jerrold Nadler (Democratic)Anna G. Eshoo (Democratic)Eleanor Holmes Norton (Democratic)Bonnie Watson Coleman (Democratic)Mary Gay Scanlon (Democratic)Donald S. Beyer (Democratic)Sean Casten (Democratic)Diana DeGette (Democratic)Janice D. Schakowsky (Democratic)James P. McGovern (Democratic)Peter Welch (Democratic)Earl Blumenauer (Democratic)Suzanne Bonamici (Democratic)Jesús G. "Chuy" García (Democratic)Gerald E. Connolly (Democratic)Chellie Pingree (Democratic)Judy Chu (Democratic)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Agricultural prices, subsidies, creditBusiness expensesIncome tax deductionsTax administration and collection, taxpayers