Bill116th CongressFiled Jun 26, 2019Taxation
S. 1996
Net Operating Loss Clarification Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jun 26, 2019)
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).
What just happenedJun 26, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. McSally, Martha [R-AZ](R-AZ)Sponsor
6 cosponsors1 D5 R
6cosponsors1committees2actions4subjects
- Introduced in SenateJun 26, 2019
- Jun 26, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 26, 2019IntroReferral10000
Introduced in Senate