CARES Windfall for the Wealthiest Repeal Act

3.0.0 696 2023-01-11T13:46:58Z 2023-01-11T13:46:58Z House HR 2021-02-02 117 [Congressional Record Volume 167, Number 19 (Tuesday, February 2, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DOGGETT:H.R. 696.Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article I of the United StatesConstitution.[Page H279]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-02-02T19:00:32Z CARES Windfall for the Wealthiest Repeal Act 117 147 S 2021-02-02 Read twice and referred to the Committee on Finance. Identical bill CRS 2021-02-02 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-02-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-02-02 Introduced in House IntroReferral 1000 9 Library of Congress D000399 Rep. Doggett, Lloyd [D-TX-35] LLOYD DOGGETT D TX 35 N D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2021-02-02 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2021-02-02 True B001292 Rep. Beyer, Donald S., Jr. [D-VA-8] Donald Beyer D VA S. 8 2021-02-02 True B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2021-02-02 True B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2021-02-02 True C001117 Rep. Casten, Sean [D-IL-6] Sean Casten D IL 6 2021-02-02 True C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2021-02-02 True C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2021-02-02 True C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2021-02-02 True D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2021-02-02 True D000197 Rep. DeGette, Diana [D-CO-1] DIANA DEGETTE D CO 1 2021-02-02 True E000215 Rep. Eshoo, Anna G. [D-CA-18] ANNA ESHOO D CA G. 18 2021-02-02 True G000586 Rep. Garcia, Jesus G. "Chuy" [D-IL-4] Jesus Garcia D IL G. 4 2021-02-02 True G000587 Rep. Garcia, Sylvia R. [D-TX-29] Sylvia Garcia D TX R. 29 2021-02-02 True G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2021-02-02 True H001081 Rep. Hayes, Jahana [D-CT-5] Jahana Hayes D CT 5 2021-02-02 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2021-02-02 True L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2021-02-02 True L000582 Rep. Lieu, Ted [D-CA-33] Ted Lieu D CA 33 2021-02-02 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2021-02-02 True N000002 Rep. Nadler, Jerrold [D-NY-10] JERROLD NADLER D NY 10 2021-02-02 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2021-02-02 True P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2021-02-02 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2021-02-02 True R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2021-02-02 True S001168 Rep. Sarbanes, John P. [D-MD-3] John Sarbanes D MD P. 3 2021-02-02 True S001205 Rep. Scanlon, Mary Gay [D-PA-5] Mary Scanlon D PA Gay 5 2021-02-02 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2021-02-02 True T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2021-02-02 True W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2021-02-02 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2021-02-02 True Taxation Agricultural prices, subsidies, credit Business expenses Income tax deductions Tax administration and collection, taxpayers Taxation

00 2021-02-02 Introduced in House 2021-06-07T19:22:41Z 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.

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CARES Windfall for the Wealthiest Repeal Act Display Title CARES Windfall for the Wealthiest Repeal Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to impose a limitation on excess business losses of non-corporate taxpayers and to modify the carryback of net operating losses for certain taxable years. Introduced in House IH Short Title(s) as Introduced CARES Windfall for the Wealthiest Repeal Act Introduced in House IH Introduced in House 2021-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr696ih/xml/BILLS-117hr696ih.xml 2021-02-02 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.