Tag: Net Operating Losses
Will the California Budget Include Temporary Tax Increases?
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...
AB 1105: Sale of Net Operating Losses
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...