California Nol Suspension 2024 Application. For tax years beginning on or after january 1, 2024, and before january 1, 2027, s.b. The tax bills suspend the net operating loss (nol) deduction for tax years beginning on or after jan.

Sb 167 suspends the net operating loss (nol) deduction for tax years beginning on or after jan. 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.