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Net Operating Loss Clarification Act of 2019
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 5,086 other S bills in the 116th — cohort avg 30d
Net Operating Loss Clarification Act of 2019 This bill amends the Tax Cuts and Jobs Act of 2017 (P.L. 115-97) to provide that the net operating carryforward and carryback modifications in that Act are effective for net operating losses arising in taxable years beginning after December 31, 2017 (instead of tax years ending after December 31, 2017).
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (4)
2020 · first_quarter · Taxation/Internal Revenue Code
Support HR 748 (CARES Act) - NOL carryback; AIP; Employee Retention Credit; Payroll tax deferral; Deferral of income tax payment and filing deadline. Efairness legislation, oppose HR1983; S.128, oppose imposition of Value Added Tax, National Retail Sales Tax (H.R. 25); Support Technical corrections to Tax Cuts and Jobs Act - QIP (support H.R. 1869 and S.803; HR 748) and NOL (H.R. 3587 and S.1996; HR 748). Oppose corporate tax rate increases.
Read twice and referred to the Committee on Finance.
Introduced in Senate
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Sources: Congress.gov
Client expense: $1,845,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Maritime Administration (MARAD), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Postal Service (USPS), U.S. Trade Representative (USTR), White House Office
2020 · first_quarter · Taxation/Internal Revenue Code
Net Operating Loss Clarification Act of 2019 (S 1996) Technical Corrections to Tax Cuts and Jobs Act Coronavirus Aid, Relief, and Economic Security Act - the CARES Act (HR 748) Families First Coronavirus Response Act (HR 6201) Electric Vehicles-related Tax Deduction/Credit Issues Discussion
Client expense: $580,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, U.S. Trade Representative (USTR)
2020 · first_quarter · Taxation/Internal Revenue Code
Support HR 748 (CARES Act) - NOL carryback; AIP; Employee Retention Credit; Payroll tax deferral; Deferral of income tax payment and filing deadline. Efairness legislation, oppose HR1983; S.128, oppose imposition of Value Added Tax, National Retail Sales Tax (H.R. 25); Support Technical corrections to Tax Cuts and Jobs Act - QIP (support H.R. 1869 and S.803; HR 748) and NOL (H.R. 3587 and S.1996; HR 748). Oppose corporate tax rate increases.
Client expense: $1,590,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Maritime Administration (MARAD), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Postal Service (USPS), U.S. Trade Representative (USTR), White House Office
2019 · fourth_quarter · Taxation/Internal Revenue Code
Tax Cuts and Jobs Act (P.L. 115-97); IRS Notice 2018-23 - Transitional Guidance on Deductibility of Settlement Payments; Final Sec. 965 Transition Tax Regulations (REG - 104220 - 18); Final Sec. 168 (K) Expensing Regulations (REG - 104397 - 18); proposed removal of Section 385 Documentation Regulations (REG - 130244 - 17); Proposed Foreign Tax Credit Regulations (REG - 10560048); proposed Base Erosion and Anti-Abuse Tax (BEAT) Regulation (REG - 104259 - 18); S. 617 - Tax Extender and Disaster Relief Act of 2019; S. 803/H.R. 1869 - Restoring Investments in Improvements Act; Tax Technical and Clerical Corrections Act Discussion Draft; H.R. 1957 - Taxpayer First Act of 2019; H.R. 1994 - SECURE Act; H.R. 1007 - Retirement Enhancement & Savings Act of 2019; S. 604 - Mobile Workforce State Income Tax Simplification Act of 2019; H.R. 2213/S. 978 - Work Opportunity Tax Credit and Jobs Act; proposed sec. 250 regulations (REG - 104464018) to determine foreign derived intangible income (FDII) and global intangible low-taxed income (GILTI); H.R. 3301 - Taxpayer Certainty and Disaster Relief Act; Proposed regulations (REG-101828-19) dealing with income subject to a high rate of foreign tax under code section 951A (GILTI); H.R.3587 - To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97; S.1996 - Net Operating Loss Clarification Act of 2019; IRS Notice 2019-58: Temporary Regulations under Section 385 Debt Equity Rules; Treasury Decision 9880 - Removal of Section 385 Documentation Regulations; Proposed Regulations (REG - 12312-19), Dealing with the Treatment of Certain Interests in Corporations as Stock or Indebtedness; Treasury Decision 9885 - Base Erosion and Anti-Abuse Tax (BEAT) Final Regulations; Treasury Decision 9882 - Foreign Tax Credit Final Regulations
Client expense: $600,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Telecommunications & Information Administration (NTIA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Immigration & Customs Enforcement (ICE), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2019 · fourth_quarter · Taxation/Internal Revenue Code
Tax Reform, HR 3587 and S 1996
Client expense: Not reported · Firm income: $110,000
Government targets: Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Intl Trade Administration (ITA), SENATE, Treasury, Dept of, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2019 · fourth_quarter · Taxation/Internal Revenue Code
Net Operating Loss Clarification Act of 2019 (S 1996) Driving America Forward Act (S1094/HR2256) Technical Corrections to Tax Cuts and Jobs Act Electric Vehicles-related Tax Deduction/Credit Issues Discussion
Client expense: $500,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, U.S. Trade Representative (USTR)
2019 · fourth_quarter · Taxation/Internal Revenue Code
Efairness legislation, oppose HR1983; S.128, oppose imposition of Value Added Tax, National Retail Sales Tax (H.R. 25); Support Technical corrections to Tax Cuts and Jobs Act - QIP (support H.R. 1869 and S.803) and NOL (H.R. 3587 and S.1996). Oppose corporate tax rate increases. Support extension of WOTC (H.R. 2213 and S.978).
Client expense: $1,990,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Equal Employment Opportunity Commission (EEOC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Maritime Administration (MARAD), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Postal Service (USPS), U.S. Trade Representative (USTR), White House Office
2019 · fourth_quarter · Taxation/Internal Revenue Code
Tax Cuts and Jobs Act (P.L. 115-97); IRS Notice 2018-23 - Transitional Guidance on Deductibility of Settlement Payments; Final Sec. 965 Transition Tax Regulations (REG - 104220 - 18); Final Sec. 168 (K) Expensing Regulations (REG - 104397 - 18); proposed removal of Section 385 Documentation Regulations (REG - 130244 - 17); Proposed Foreign Tax Credit Regulations (REG - 10560048); proposed Base Erosion and Anti-Abuse Tax (BEAT) Regulation (REG - 104259 - 18); S. 617 - Tax Extender and Disaster Relief Act of 2019; S. 803/H.R. 1869 - Restoring Investments in Improvements Act; Tax Technical and Clerical Corrections Act Discussion Draft; H.R. 1957 - Taxpayer First Act of 2019; H.R. 1994 - SECURE Act; H.R. 1007 - Retirement Enhancement & Savings Act of 2019; S. 604 - Mobile Workforce State Income Tax Simplification Act of 2019; H.R. 2213/S. 978 - Work Opportunity Tax Credit and Jobs Act; proposed sec. 250 regulations (REG - 104464018) to determine foreign derived intangible income (FDII) and global intangible low-taxed income (GILTI); H.R. 3301 - Taxpayer Certainty and Disaster Relief Act; Proposed regulations (REG-101828-19) dealing with income subject to a high rate of foreign tax under code section 951A (GILTI); H.R.3587 - To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97; S.1996 - Net Operating Loss Clarification Act of 2019; IRS Notice 2019-58: Temporary Regulations under Section 385 Debt Equity Rules; Treasury Decision 9880 - Removal of Section 385 Documentation Regulations; Proposed Regulations (REG - 12312-19), Dealing with the Treatment of Certain Interests in Corporations as Stock or Indebtedness; Treasury Decision 9885 - Base Erosion and Anti-Abuse Tax (BEAT) Final Regulations; Treasury Decision 9882 - Foreign Tax Credit Final Regulations
2019 · third_quarter · Taxation/Internal Revenue Code
Net Operating Loss Clarification Act of 2019 (S 1996) Driving America Forward Act (S1094/HR2256) Technical Corrections to Tax Cuts and Jobs Act Electric Vehicles-related Tax Deduction/Credit Issues Discussion
Client expense: $620,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, U.S. Trade Representative (USTR)
2019 · third_quarter · Taxation/Internal Revenue Code
Tax Reform, HR 3587 and S 1996
Client expense: Not reported · Firm income: $110,000
Government targets: Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Intl Trade Administration (ITA), SENATE, Treasury, Dept of, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2019 · third_quarter · Taxation/Internal Revenue Code
Tax Cuts and Jobs Act (P.L. 115-97); IRS Notice 2018-23 - Transitional Guidance on Deductibility of Settlement Payments; Final Sec. 965 Transition Tax Regulations (REG - 104220 - 18); Final Sec. 168 (K) Expensing Regulations (REG - 104397 - 18); proposed removal of Section 385 Documentation Regulations (REG - 130244 - 17); Proposed Foreign Tax Credit Regulations (REG - 10560048); proposed Base Erosion and Anti-Abuse Tax (BEAT) Regulation (REG - 104259 - 18); S. 617 - Tax Extender and Disaster Relief Act of 2019; S. 803/H.R. 1869 - Restoring Investments in Improvements Act; Tax Technical and Clerical Corrections Act Discussion Draft; H.R. 1957 - Taxpayer First Act of 2019; H.R. 1994 - SECURE Act; H.R. 1007 - Retirement Enhancement & Savings Act of 2019; S. 604 - Mobile Workforce State Income Tax Simplification Act of 2019; H.R. 2213/S. 978 - Work Opportunity Tax Credit and Jobs Act; proposed sec. 250 regulations (REG - 104464018) to determine foreign derived intangible income (FDII) and global intangible low-taxed income (GILTI); H.R. 3301 - Taxpayer Certainty and Disaster Relief Act; Proposed regulations (REG-101828-19) dealing with income subject to a high rate of foreign tax under code section 951A (GILTI); H.R.3587 - To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97; S.1996 - Net Operating Loss Clarification Act of 2019
Client expense: $570,000 · Firm income: Not reported
2019 · third_quarter · Taxation/Internal Revenue Code
Efairness legislation, oppose HR1983; S.128, oppose imposition of Value Added Tax, National Retail Sales Tax (H.R. 25); Support Technical corrections to Tax Cuts and Jobs Act - QIP (support H.R. 1869 and S.803) and NOL (H.R. 3587 and S.1996). Oppose corporate tax rate increases. Support extension of WOTC (H.R. 2213 and S.978).
Client expense: $2,270,000 · Firm income: Not reported
Government targets: Bureau of Citizenship & Immigration Services (BCIS), Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Equal Employment Opportunity Commission (EEOC), Federal Maritime Commission, Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Maritime Administration (MARAD), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Natl Telecommunications & Information Administration (NTIA), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Postal Service (USPS), U.S. Trade Representative (USTR), White House Office
2019 · second_quarter · Taxation/Internal Revenue Code
Net Operating Loss Clarification Act of 2019 (S 1996) Driving America Forward Act (S1094/HR2256) Technical Corrections to Tax Cuts and Jobs Act Electric Vehicles-related Tax Deduction/Credit Issues Discussion
Client expense: $1,230,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Natl Highway Traffic Safety Administration (NHTSA), SENATE, U.S. Trade Representative (USTR)
2019 · second_quarter · Taxation/Internal Revenue Code
Tax Cuts and Jobs Act (P.L. 115-97); IRS Notice 2018-23 - Transitional Guidance on Deductibility of Settlement Payments; Final Sec. 965 Transition Tax Regulations (REG - 104220 - 18); Proposed Sec. 168 (K) Expensing Regulations (REG - 104397 - 18); proposed removal of Section 385 Documentation Regulations (REG - 130244 - 17); Proposed Foreign Tax Credit Regulations (REG - 10560048); proposed Base Erosion and Anti-Abuse Tax (BEAT) Regulation (REG - 104259 - 18); S. 617 - Tax Extender and Disaster Relief Act of 2019; S. 803/H.R. 1869 - Restoring Investments in Improvements Act; Tax Technical and Clerical Corrections Act Discussion Draft; H.R. 1957 - Taxpayer First Act of 2019; H.R. 1994 - SECURE Act; H.R. 1007 - Retirement Enhancement & Savings Act of 2019; S. 604 - Mobile Workforce State Income Tax Simplification Act of 2019; H.R. 2213/S. 978 - Work Opportunity Tax Credit and Jobs Act; proposed sec. 250 regulations (REG - 104464018) to determine foreign derived intangible income (FDII) and global intangible low-taxed income (GILTI); H.R. 3301 - Taxpayer Certainty and Disaster Relief Act; Proposed regulations (REG-101828-19) dealing with income subject to a high rate of foreign tax under code section 951A (GILTI); H.R.3587 - To amend the Internal Revenue Code of 1986 to modify the effective date for the modification to net operating loss deductions in Public Law 115-97; S.1996 - Net Operating Loss Clarification Act of 2019
Client expense: $570,000 · Firm income: Not reported
| Republican |
| TN |
| Marsha Blackburn | Republican | TN |
| Ted Cruz | Republican | TX |
Client expense: $570,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Telecommunications & Information Administration (NTIA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Immigration & Customs Enforcement (ICE), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Telecommunications & Information Administration (NTIA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Immigration & Customs Enforcement (ICE), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Telecommunications & Information Administration (NTIA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Immigration & Customs Enforcement (ICE), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office