HR 6579 · 116th Congress · Taxation

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.

Introduced 2020-04-21· Sponsored by Rep. Doggett, Lloyd [D-TX-35]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-04-21)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (20)

20 Democrats
Rep. Raskin, Jamie [D-MD-8]MD
Rep. DeLauro, Rosa L. [D-CT-3]CT
Rep. Cohen, Steve [D-TN-9]TN
Rep. Beyer, Donald S., Jr. [D-VA-8]VA
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Khanna, Ro [D-CA-17]CA
Rep. Pocan, Mark [D-WI-2]WI
Rep. Schakowsky, Janice D. [D-IL-9]IL
Rep. Welch, Peter [D-VT-At Large]VT
Rep. Wild, Susan [D-PA-7]PA
Rep. DeFazio, Peter A. [D-OR-4]OR
Rep. Jayapal, Pramila [D-WA-7]WA
Rep. Omar, Ilhan [D-MN-5]MN
Rep. Grijalva, Raúl M. [D-AZ-3]AZ
Rep. Scanlon, Mary Gay [D-PA-5]PA
Rep. Hayes, Jahana [D-CT-5]CT
Rep. Pressley, Ayanna [D-MA-7]MA
Rep. Tonko, Paul [D-NY-20]NY
Rep. Ocasio-Cortez, Alexandria [D-NY-14]NY
Rep. Kaptur, Marcy [D-OH-9]OH