Ca Nol Suspension 2024 Calendar. The tax bills suspend the net operating loss (nol) deduction for tax years beginning on or after jan. The tax bills suspend the net operating loss (nol) deduction for tax years beginning on or after jan.
On may 29, 2024, california senate and assembly leaders announced a budget agreement that includes these changes but accelerates the suspension on the use of nols. California’s business climate recently worsened when the state enacted legislation suspending the net operating loss deduction for tax years beginning on or after january 1,.