California Revenue and Taxation Code

§ 17276

RTC § 17276 Effective Oct 1, 2025Div. 2 · Part 10 · Ch. 3 · Art. 6

Statute text

Except as provided in Sections 17276.1, 17276.2, 17276.4, 17276.5, 17276.6, and 17276.7, the deduction provided by Section 172 of the Internal Revenue Code, relating to net operating loss deduction, shall be modified as follows:

(a)(1) Net operating losses attributable to taxable years beginning before January 1, 1987, shall not be allowed.

(2)A net operating loss shall not be carried forward to any taxable year beginning before January 1, 1987.

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 43. (SB 711) Effective October 1, 2025.