H.R. 6579 · 116th Congress
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.
- Stage
- In committee
- Sponsor
- Lloyd Doggett
- Introduced
- 2020-04-21
- Latest action
- 2020-04-21 · Referred to the House Committee on Ways and Means.
Summary
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.