HR 2450 · 117th Congress · Taxation

To amend the Internal Revenue Code of 1986 to except certain individuals from the 80 percent taxable income limitation on net operating loss carryovers.

Introduced 2021-04-12· Sponsored by Rep. Newman, Marie [D-IL-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-04-12)

Plain Language Summary

[AI summary unavailable — showing source text] This bill exempts taxpayers whose modified adjusted gross income does not exceed $400,000 in a taxable year from the 80% taxable income limit on net operating loss carryovers.…

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