Cal. Rev. & Tax. Code § 24416.22

Current through the 2023 Legislative Session.
Section 24416.22 - Net operating carryover

Notwithstanding Section 24416.1, 24416.2, 24416.4, 24416.5, 24416.6, or 24416.7 to the contrary, a net operating loss attributable to a taxable year beginning on or after January 1, 2008, shall be a net operating carryover to each of the 20 taxable years following the year of the loss, and a net operating loss attributable to a taxable year beginning on or after January 1, 2013, and before January 1, 2019, shall also be a net operating loss carryback to each of the two taxable years preceding the taxable year of loss.

Ca. Rev. and Tax. Code § 24416.22

Amended by Stats 2019 ch 39 (AB 91),s 26, eff. 7/1/2019.
Added by Stats 2010 ch 721 (SB 858),s 26, eff. 10/19/2010.