S. 147 · 117th Congress · Senate

CARES Windfall for the Wealthiest Repeal Act

Active· Read twice and referred to the Committee on Finance.
Introduced
Feb 2, 21
Passed Senate
Pending
Passed House
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

2
  1. FEB 02, 2021•IntroReferral

    Introduced in Senate

  2. FEB 02, 2021•IntroReferral

    Read twice and referred to the Committee on Finance.

Committees

1

Finance Committee

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Referred: Feb 2, 2021

Active