Bill117th CongressFiled Apr 12, 2021Taxation
H.R. 2450
To amend the Internal Revenue Code of 1986 to except certain individuals from the 80 percent taxable income limitation on net operating loss carryovers.
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in house (Apr 12, 2021)
This bill exempts taxpayers whose modified adjusted gross income does not exceed $400,000 in a taxable year from the 80% taxable income limit on net operating loss carryovers.
What just happenedApr 12, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Newman, Marie [D-IL-3](D-IL)Sponsor
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- Introduced in HouseApr 12, 2021
- Apr 12, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 12, 2021IntroReferralIntro-H
Introduced in House
- Apr 12, 2021IntroReferral1000
Introduced in House