Sec. 9041. EXTENSION OF LIMITATION ON EXCESS BUSINESS LOSSES OF NONCORPORATE TAXPAYERS

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## 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 **[**[26 U.S.C. 461 note](/us/usc/t26/s461)**]** The amendments made by this section shall apply to taxable years beginning after December 31, 2025.

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U.S. Code

General rule for taxable year of deduction
§ 461

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Sec. 9041

EXTENSION OF LIMITATION ON EXCESS BUSINESS LOSSES OF NONCORPORATE TAXPAYERS

U.S.C.§ 461

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