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- S.1996
S.1996: Net Operating Loss Clarification Act of 2019
About This Bill
- Introduced June 26, 2019
- Latest Major Action June 26, 2019
Bill Sponsor
Bill Cosponsors
6 (1 Democrat, 5 Republicans)
Bill Version
- Introduced in Senate - June 26, 2019
Bill Summary
Net Operating Loss Clarification Act of 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).
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| June 26, 2019 |
Read twice and referred to the Committee on Finance.
|
| June 26, 2019 |
Introduced in the Senate by Martha McSally (R-Ariz.) |