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.

About This Bill

  • Introduced April 12, 2021
  • Latest Major Action April 12, 2021

Bill Version

Bill Summary

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.

(Source: Library of Congress)

Bill Actions

Date Description
April 12, 2021
Referred to the House Committee on Ways and Means.
April 12, 2021

Introduced in the House by Marie Newman (D-Ill.)

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