Mike Semes Authors Article on Pennsylvania’s Proposal to Increase Limit on NOLs

Of Counsel Mike Semes authored an article for Bloomberg Tax titled “Pennsylvania’s Net Operating Loss Pitch Hints at Budget Balance.” Published June 27, 2024, the article discusses Pennsylvania’s proposal to increase its limit on net operating losses from 40% to 80%, thanks in part of a multibillion-dollar budget surplus and rainy day fund.

Read the article. (subscription required)