HR 6391 · 116th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.

Introduced 2020-03-25· Sponsored by Rep. Schneider, Bradley Scott [D-IL-10]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-03-25)

Plain Language Summary

[AI summary unavailable — showing source text] This bill allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).…

Summarized by Claude AI · Non-partisan · For informational purposes only