net operating loss – California Globe

AB 2065 Addresses Net Operating Loss for Business Owners

February 17, 2022 12:20 pmFebruary 17, 2022 8:28 am

On February 14, Assemblywoman Blanca Rubio (D-Baldwin Park) introduced Assembly Bill 2065 to allow a net operating loss (NOL) carryback for an NOL or NOL carryover for which a deduction was suspended for a qualified taxpayer. AB 2065 would add...

Overview of Gov. Newsom’s Retroactive ‘Revenue Raising Proposals’ in the May Budget Revise

May 24, 2020 4:01 pmMay 24, 2020 4:09 pm

As part of his May Budget Revision (the “May Revise”), Governor Newsom proposed several “revenue raising solutions.” The Governor’s Department of Finance has just released the proposed budget trailer bill language to implement this revenue raisers. The first proposal is...