Pub. L. 117-2, tit. IX, subtit. A, pt. 4, sec. 9041

EXTENSION OF LIMITATION ON EXCESS BUSINESS LOSSES OF NONCORPORATE TAXPAYERS.

EnactedYear: 2021Length: 56 wordsOfficial source
SEC. 9041. EXTENSION OF LIMITATION ON EXCESS BUSINESS LOSSES OF NONCORPORATE TAXPAYERS.(a) In General.—Section 461(l)(1) of the Internal Revenue Code of 1986 is amended by striking “January 1, 2026” each place it appears and inserting “January 1, 2027”. (b) Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2025.
Pub. L. 117-2, tit. IX, subtit. A, pt. 4, sec. 9041: EXTENSION OF LIMITATION ON EXCESS BUSINESS LOSSES OF NONCORPORATE TAXPAYERS. | Justis AI