{"data":{"id":"us-sd/sdcl-10-43-10.5","jurisdiction":"us-sd","citation":"SDCL § 10-43-10.5","heading":"Carryforward of net operating losses deductible.","body":"A deduction may be made for a carryforward of a net operating loss. The deduction is limited to the seven tax years immediately following the tax year of the loss. Net income may not be less than zero prior to making the adjustments provided for in §§ 10-43-10.2 and 10-43-10.3 because of a deduction taken for losses not incurred during the tax year for which the return is being filed.\nThe provisions of this section only apply to net operating losses incurred on or after January 1, 2015.","path":["TITLE 10. TAXATION","CHAPTER 10-43. INCOME TAX ON BANKS AND FINANCIAL CORPORATIONS"],"source_url":"https://sdlegislature.gov/Statutes/10-43-10.5","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:56Z","sha256":"d52c780d06b10b02c2b9328d96a25f9f763cb4fd4974491b58602a32f8aafa43","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-10-43-10.4","next":"us-sd/sdcl-10-43-11"},"notice":"GroundRules: Original legal text. Not legal advice."}