2.203 -Net Operating Loss (NOL) Carry-Forward

Item	Description	FY2015	FY2016	FY2017	FY2018	FY2019
2.203	Net Operating Loss (NOL) Carry-Forward There has been a statutory expansion of the general NOL carry-forward period from 5 to 20 years for business corporations, for taxable years beginning on or after January 1, 2010. There has also been a change to the calculation of an NOL carry-forward for tax years beginning on or after January 1, 2010; all carry-forward losses of eligible business corporations are to be carried forward on a post-apportioned basis, after applying the apportionment percentages of the corporations for the taxable year in which the losses are sustained. For further discussion, see TIR 10-15. Origin: IRC, § 172; M.G.L. c. 63, § 30.5 Estimate: $174.1	134.4	142.9	151.9	161.5	174.1

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
M.G.L.	Massachusetts General Laws
U.S.C	United States Code
ESTIMATES	All estimates are in $ millions.