Bill117th CongressFiled Feb 2, 2021Taxation
S. 147
CARES Windfall for the Wealthiest Repeal Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Feb 2, 2021)
CARES Windfall for the Wealthiest Repeal Act
This bill restores and makes permanent the limitation on excess businesses losses of noncorporate taxpayers. It also allows taxpayers a carryback of their net operating losses arising in 2019 and 2020.
What just happenedFeb 2, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Whitehouse, Sheldon [D-RI](D-RI)Sponsor
16 cosponsors14 D2 I
16cosponsors1committees2actions1related bills4subjects
- Introduced in SenateFeb 2, 2021
- Feb 2, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Feb 2, 2021IntroReferral10000
Introduced in Senate