Ca Nol Suspension 2024 Ca. 167, on june 27, 2024. Sb 167 suspends most taxpayers' net operating losses (nols) and limits the use of tax credits to $5 million for tax years 2024 through 2026, and modifies corporate income tax.

Sb 167 suspends most taxpayers’ net operating losses (nols) and limits the use of tax credits to $5 million for tax years 2024 through 2026, and modifies corporate income tax. Two companion tax bills that recently passed in california suspend the ability of most taxpayers to claim a net operating loss (nol) deduction in 2024 through 2026 and place a $5 million limitation on the aggregate amount.