(a) Taxpayers qualified under § 26-51-1202(a) and (b), entitled to a net operating loss deduction as provided in § 26-51-427, may carry forward that deduction to the next succeeding taxable year following the year of the net operating loss and annually thereafter for a total period of ten (10) years or until the net operating loss has been exhausted, whichever is earlier.
(b) The net operating loss deduction must be carried forward in the order named above.
Section: Previous 26-51-1202 26-51-1203 26-51-1211 26-51-1212 26-51-1213 26-51-1214 26-51-1215 NextLast modified: November 15, 2016