2.203 -Net Operating Loss Carry-Over

Item	Description	FY2009	FY2010	FY2011
2.203	Net Operating Loss Carry-Over Taxpayers may carry-over for no more than five years (but not carry back) net operating losses (NOL) as defined under section 172 of the Internal Revenue Code. Origin: IRC S. 172 and M.G.L. c. 63, S. 30 (b) and (ii) Estimate: $90.4	96.2	94.8	90.4

Key:

ORIGIN
IRC	Federal Internal Revenue Code (26 U.S.C.)
M.G.L.	Massachusetts General Laws
U.S.C	United States Code
ESTIMATES	All estimates are in $ millions.