H.R. 696 · 117th Congress
CARES Windfall for the Wealthiest Repeal Act
- Stage
- In committee
- Sponsor
- Lloyd Doggett
- Introduced
- 2021-02-02
- Latest action
- 2021-02-02 · Introduced in House
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.