Bill
A 5322
Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods.
2026-2027 Regular Session
Introduced by Nick Scutari and 1 co-sponsor
A $1,000,000 cap on annual NOL deductions for certain CBT periods (2026–2030) limits immediate tax relief and shifts unused NOLs to later periods under revised rules.
Approved P.L.2026, c.21.