{"data":{"id":"us-ri/r.i.-gen.-laws-44-30-87.1","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 44-30-87.1","heading":"Net operating loss — Limitation.","body":"A net operating loss deduction shall be allowed which shall be the same as the net operating loss deduction allowed under § 172 of the Internal Revenue Code, 26 U.S.C. § 172, except that: (1) any net operating loss included in determining the deduction shall be adjusted to reflect the modifications increasing and decreasing adjusted gross income required by §§ 44-30-12 and 44-30-32; (2) the deduction shall not include any net operating loss sustained during any taxable year beginning in which the taxpayer was not subject to the tax imposed by this chapter; and (3) the deduction shall not exceed the deduction for the taxable year allowable under § 172 of the Internal Revenue Code, 26 U.S.C. § 172; provided, notwithstanding any other provision of law, the deduction for a taxable year may not be carried back to any other taxable year for Rhode Island purposes but shall only be allowable on a carry forward basis for the number of succeeding taxable years allowed under § 172 of the Internal Revenue Code, 26 U.S.C. § 172.","path":["Title 44 Taxation","Chapter 30 Personal Income Tax","Part VI Procedure and Administration"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE44/44-30/44-VI/44-30-87.1.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T20:00:33Z","sha256":"c036ffbc6bf0cea2e0a8625ce761283e0da21bc92eb2458bd5478095ed112202","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-44-30-87","next":"us-ri/r.i.-gen.-laws-44-30-88"},"notice":"GroundRules: Original legal text. Not legal advice."}