June 10, 2025
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Tag: Net Operating Losses

SB 167 – Taxation / Revenues Budget Trailer Bill

June 23, 2024   7:58 amJune 23, 2024   7:58 am
Amended on June 10 (but “in print” on the Internet on June 8), Assembly Bill 167 and Senate Bill 167 were amended to be the taxation and revenues budget trailer bill in the California Legislature. SB 167 (Senate Budget &...
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Will the California Budget Include Temporary Tax Increases?

June 6, 2024   6:44 amJune 6, 2024   6:44 am
While the Governor and Legislature adopted similar proposals just four years ago at the outset of the pandemic, there are proposed significant, temporary tax increases on California’s business community in the budget proposals currently under consideration. The net operating loss...
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AB 1105: Sale of Net Operating Losses

March 10, 2023   7:08 amMarch 10, 2023   7:10 am
Assembly Bill 1105 (Petrie-Norris) was recently amended to provide for the sale of net operating losses (NOLs). AB 1105 would amend Revenue and Taxation Code Sections 17276 and 24416, as well as add Revenue and Taxation Code Sections 17137 and...
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