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PA Commonwealth Court Holds NOL Tax Deduction Cap is...

2015-12-07 16:51:26| Telecom - Topix.net

The Pennsylvania Commonwealth Court unanimously held in a 7-0 decision that Pennsylvania's net operating loss cap that limits a corporation's ability to deduct NOL carryforwards for corporate net income tax purposes is unconstitutional. In Nextel Communications of the Mid-Atlantic, Inc., v.

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