Nonpartisan civic infrastructure
AllCiv·Legis1
·

H.R. 6391

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to allow for a 5-year carryback of operating losses of small businesses, and for other purposes.
About This Bill
Committee
Latest Action · March 25, 2020
Referred to the House Committee on Ways and Means.
Congress
116th (2019–2021)
Introduced
March 25, 2020
Cosponsors (0)
None
View PDF ↗

Summary

Highlight any text to annotate
This bill allows certain small businesses (fewer than 250 employees) a 5-year carryback of net operating losses incurred in 2020 due to COVID-19 (i.e., the coronavirus disease 2019).

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.