Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
298.402 NET OPERATING LOSSES.
For purposes of the computation under Minnesota Statutes 1988, section298.40, subdivision
1 , clause (b), a net operating loss incurred in a taxable year beginning after December 31, 1986, is
a net operating loss carryover to each of the 15 taxable years following the taxable year of the
loss, in accordance with section 290.095. A net operating loss incurred in a taxable year beginning
after December 31, 1981, and before January 1, 1987, is a net operating loss carryover to taxable
years beginning after December 31, 1986, not to exceed the five taxable years following the
taxable year of the loss, in accordance with section 290.095. No net operating loss carryback is
allowed for a net operating loss incurred in a taxable year beginning after December 31, 1986.
History: 1988 c 719 art 2 s 53; 1992 c 464 art 2 s 5
For purposes of the computation under Minnesota Statutes 1988, section
1
a net operating loss carryover to each of the 15 taxable years following the taxable year of the
loss, in accordance with section 290.095. A net operating loss incurred in a taxable year beginning
after December 31, 1981, and before January 1, 1987, is a net operating loss carryover to taxable
years beginning after December 31, 1986, not to exceed the five taxable years following the
taxable year of the loss, in accordance with section 290.095. No net operating loss carryback is
allowed for a net operating loss incurred in a taxable year beginning after December 31, 1986.
History: 1988 c 719 art 2 s 53; 1992 c 464 art 2 s 5
Official Publication of the State of Minnesota
Revisor of Statutes