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California Nol Suspension 2024 Schedule. The net operating loss (nol) deduction for taxpayers with business income over $1 million will be suspended for tax years beginning on or after january 1, 2024, and before. For tax years beginning on or after january 1, 2024, and before january 1, 2027, s.b.

The legislation follows a similar approach to legislation enacted back in 2020 that suspended nols for three years, although legislation was later enacted in 2022 providing that. The legislation shortens the suspension period for deducting net operating losses (nol) and.