Bill Sponsor
Senate Bill 1996
116th Congress(2019-2020)
Net Operating Loss Clarification Act of 2019
Introduced
Introduced
Introduced in Senate on Jun 26, 2019
Overview
Text
Introduced
Jun 26, 2019
Latest Action
Jun 26, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1996
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

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).

Text (1)
Actions (2)
06/26/2019
Read twice and referred to the Committee on Finance.
06/26/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:53 PM