Rev. & Tax. Code, § 24416.3 · Article 2. Special Deductions
Rev. & Tax. Code, § 24416.3
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Notwithstanding Sections 24416, 24416.1, 24416.4, and 24416.7, or Sections 24416.2, 24416.5, and 24416.6, as those sections read on November 30, 2014, and Section 172 of the Internal Revenue Code, relating to net operating loss deduction, no net operating loss deduction shall be allowed for any taxable year beginning on or after January 1, 2002, and before January 1, 2004.
(b) For any carryover of a net operating loss for which a deduction is denied by subdivision (a), the carryover period under Section 172 of the Internal Revenue Code, relating to net operating loss deduction, shall be extended as follows:
(1) By one year, for losses incurred in taxable years beginning on or after January 1, 2002, and before January 1, 2003.
(2) By two years, for losses incurred in taxable years beginning before January 1, 2002.
Notes and commentary — not statutory text
History
Amended by Stats. 2026, Ch. 236, Sec. 38. (SB 1435) Effective September 14, 2026. Applicable to taxable years beginning on or after January 1, 2025, provided in Section 46\nof Stats. 2026, Ch. 236.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24416.3.
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Revenue and Taxation Code
- Rev. & Tax. Code, § 24416Printed as Sections 24416, 24416.1, 24416.4, and 24416.7
- Rev. & Tax. Code, § 24416.1Printed as Sections 24416, 24416.1, 24416.4, and 24416.7
- Rev. & Tax. Code, § 24416.4Printed as Sections 24416, 24416.1, 24416.4, and 24416.7
- Rev. & Tax. Code, § 24416.7Printed as Sections 24416, 24416.1, 24416.4, and 24416.7
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Revenue and Taxation Code
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