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

Item Number
FY2016
FY2017
FY2018
FY2019
FY2020
2.203
129.9
139.8
150.6
159.5
168.9
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