Corporate Nol Carryover Rules 2025. The newly enacted tax cuts and jobs acts (the “act”) provides sweeping changes to corporate tax law, including major changes to the utilization of net operating losses (nols). A disallowed ebl is treated as a nol.

Under the tcja rules, the nol must be carried forward. A net operating loss (nol) may offset up to 80% of current year taxable income;