A3006 — Establishes net operating loss carryback deduction under corporation business tax.

A3006 — Establishes net operating loss carryback deduction under corporation business tax. · Informed CitizenryThis bill aims to modify the state's corporate business tax structure by implementing a net operating loss (NOL) carryback deduction. Essentially, if a corporation loses money in one fiscal year, t…Open in Informed Citizenry