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HR 696
CARES Windfall for the Wealthiest Repeal Act
Introduced
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
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.
Sponsors
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Primary sponsor
Lloyd Doggett
HouseTXDemocratDistrict 35
Cosponsors
Anna G. Eshoo
HouseCADemocratDistrict 18
Bonnie Watson Coleman
HouseNJDemocratDistrict 12
Chellie Pingree
HouseMEDemocratDistrict 1
David N. Cicilline
HouseRIDemocratDistrict 1
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