Bill117th CongressFiled Feb 2, 2021Taxation
H.R. 696
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 house (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
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Doggett, Lloyd [D-TX-35](D-TX)Sponsor
31 cosponsors31 D
31cosponsors1committees3actions1related bills4subjects
- Introduced in HouseFeb 2, 2021
- Feb 2, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 2, 2021IntroReferralIntro-H
Introduced in House
- Feb 2, 2021IntroReferral1000
Introduced in House