S 147 United States Senate · 117th Congress

CARES Windfall for the Wealthiest Repeal Act

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2021

Committee Review

Floor Vote

President

Introduced Feb 2, 2021 Last action Feb 2, 2021

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Full legislative history

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Committee

Feb 2, 2021

Committee

Read twice and referred to the Committee on Finance.

upper

Feb 2, 2021

Introduced

Introduced in Senate

upper

1 primary · 16 co-sponsors

Sponsors

Role

Legislator

Party

State

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