Bill116th CongressFiled Mar 25, 2020Taxation
H.R. 6391
To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.
Bill journey · stage 2 of 5
Under committee review
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Became LawLaw
What it doesSummary introduced in house (Mar 25, 2020)
This bill allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).
What just happenedMar 25, 2020
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Schneider, Bradley Scott [D-IL-10](D-IL)Sponsor
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- Introduced in HouseMar 25, 2020
- Mar 25, 2020IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 25, 2020IntroReferralIntro-H
Introduced in House
- Mar 25, 2020IntroReferral1000
Introduced in House