A2565 — Establishes net operating loss carryback deduction under corporation business tax.

A2565 — Establishes net operating loss carryback deduction under corporation business tax. · Informed CitizenryThis bill amends the Corporation Business Tax to establish a two-year net operating loss (NOL) carryback. This provision allows corporate taxpayers to carry back net operating losses from the curre…Open in Informed Citizenry