The end date is struck from the loss limit
What the document says“Section 461(l)(1) is amended by striking "and before January 1, 2029," each place it appears.”
The section strikes the words and before January 1, 2029 each place they appear in section 461(l)(1) of the Internal Revenue Code of 1986.
What the document actually says“Section 461(l)(1) is amended by striking "and before January 1, 2029," each place it appears.”
That sentence, in plain words
Words setting an end date are taken out. That is done wherever they appear.
What this is about
So the limit carries on with no end year. What the limit does is not recorded here. The tax code is not indexed on this site.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.