Posts Tagged: former provision

Opinion

Flush with funds, state should now end 2020 business tax hikes

A photo illustration of California's tax code. (Image: Vitalii Vodolazskyi, via Shutterstock)

OPINION: As part of the 2020-21 state budget accord, the governor and Legislature enacted AB 85,  a budget trailer bill that enacted several tax law changes, including a three-year suspension of the net operating loss deduction and a cap on the use of business tax credits.

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