Proposed House COVID-19 legislation has been saved
Proposed House COVID-19 legislation
Part of the Tax News & Views podcast series
Jonathan Traub discusses the key tax features found in the House coronavirus relief package, including a proposed change to the net operating loss carryback provision in the CARES Act. He also discusses the Senate’s perspective on the bill, some of the important areas of controversy, and what might happen next on the COVID-19 legislative front.
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Tax podcast: The House coronavirus relief package
May 15, 2020
The House has passed a phase four coronavirus relief bill which contains several provisions that could affect corporate taxpayers.
On our latest podcast, Jonathan Traub discusses the content of the House bill, the Senate’s reception to the contents, and what might happen next on the COVID legislative front that could impact businesses.
“At this point, it's being given what I would say is a very frosty reception by the US Senate. I think there's a lot of concerns about the tax provisions, notably the unfavorable rule for companies under the carrybacks of NOLs.”
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Tax News & Views
Capitol Hill briefing
COVID-19 tax policy updates
Coronavirus Aid, Relief, and Economic Security (CARES) Act