2005 Idaho Code - 63-3021 — NET OPERATING LOSS

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 30
                                  INCOME TAX
    63-3021.  NET OPERATING LOSS. (a) The term "net operating loss" means the
amount by which Idaho taxable income, after making the modifications specified
in subsection (b) of this section, is less than zero.
    (b)  Add the following amounts:
    (1)  The amount of any net operating loss deduction included in Idaho
    taxable income.
    (2)  In the case of a taxpayer other than a corporation:
         (i)  Any amount deducted due to losses in excess of gains from sales
         or exchanges of capital assets; and
         (ii) Any deduction for long-term capital gains provided by this
         chapter.
    (3)  Any deduction allowed under section 151 of the Internal Revenue Code
    (relating to personal exemption) or any deduction in lieu of any such
    deduction.
    (4)  Any deduction for the standard or itemized deductions provided for in
    section 63 of the Internal Revenue Code, or section 63-3022(j), Idaho
    Code, except for any deduction allowable under section 165(c)(3) of the
    Internal Revenue Code (relating to casualty losses) pertaining to property
    physically located inside Idaho at the time of the casualty.