43-1124

43-1124. Arizona capital loss carryover;
corporations

A. For purposes of this chapter, Arizona capital loss carryover shall be Arizona
capital loss carryover existing at the beginning of the taxable year from tax years
beginning prior to January 1, 1988.

B. For purposes of this section, federal capital loss shall not include any capital
loss carryover or carryback pursuant to section 1212 of the internal revenue code.

C. The subtraction taken pursuant to section 43-1122, paragraph 2 shall be
subtracted from the Arizona capital loss carryover computed in subsection A of this
section in arriving at the Arizona capital loss carryover at the beginning of the next
taxable year.