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AB 2408 (Skinner) Taxation: deductions: net operating loss carrybacks - California Newspaper Publishers Association : Legislative And Legal

AB 2408 (Skinner) Taxation: deductions: net operating loss carrybacks

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Posted: Monday, September 10, 2012 10:55 am | Updated: 11:02 am, Mon Sep 10, 2012.

AB 2408 would appeal the Net Operating Loss carryback deduction that allows a taxpayer to offset current losses against future taxable income or prior liabilities.