To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 27, 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).
The bill also allows an extension of the deadline for filing an application for a tentative carryback adjustment for net operating losses arising before January 1, 2018, and ending after December 31, 2017.
What just happenedJun 27, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJun 27, 2019
- Jun 27, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 27, 2019IntroReferralIntro-H
Introduced in House
- Jun 27, 2019IntroReferral1000
Introduced in House