S 1996 · 116th Congress · Taxation
Net Operating Loss Clarification Act of 2019
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2019-06-26)
Plain Language Summary
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Net Operating Loss Clarification Act of 2019 This bill amends the Tax Cuts and Jobs Act of 2017 (P.L. 115-97) to provide that the net operating carryforward and carryback modifications in that Act are effective for net operating losses arising in taxable years beginning after December 31, 2017 (instead of tax years ending after December 31, 2017).…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
1 Democrat5 Republicans