H.R. 696 · 117th Congress · House

CARES Windfall for the Wealthiest Repeal Act

Active· Referred to the House Committee on Ways and Means.
Introduced
Feb 2, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.

Action Timeline

3
  1. FEB 02, 2021•IntroReferral

    Introduced in House

  2. FEB 02, 2021•IntroReferral

    Introduced in House

  3. FEB 02, 2021•IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: Feb 2, 2021

Active