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Texas Comptroller revises policy regarding claiming of temporary business loss carryforward for combined groups

On April 9, the Texas Comptroller’s Tax Policy Division announced a change in the Comptroller’s interpretation of Texas Tax Code Section 171.111(d), which provides that a taxable entity loses its right to claim the temporary business loss carryforward when the entity “changes combined groups.” The change to the policy applies retroactively to all open tax years, and allows a taxable entity to retain its carryforward in several situations.

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