Summary: S.147 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for S.147. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/02/2021)

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.