heading and struck out "FNMA" before "mortgage disposition loss" wherever appearing in text.
Subsec. (j). Pub. L. 98-369, § 91(d)(3)(B), substituted "this section" for "subsection (b)" in introductory provisions.
Subsecs. (k), (l). Pub. L. 98-369, § 91(d)(2), added subsec. (k) and redesignated former subsec. (k) as (l).
1982 - Subsec. (b)(1)(A). Pub. L. 97-362, § 102(c)(1), substituted "(H), (I), and (J)" for "(H), and (I)".
Subsec. (b)(1)(B). Pub. L. 97-362, § 102(c)(2), substituted "(H), and (J)" for "and (I)".
Subsec. (b)(1)(H). Pub. L. 97-362, § 102(a), added subpar. (H). Former subpar. (H) redesignated (I).
Subsec. (b)(1)(I). Pub. L. 97-362, § 102(a), (c)(3), redesignated former subpar. (H) as (I) and substituted "subsection (j)" for "subsection (i)". Former subpar. (I) redesignated (J).
Subsec. (b)(1)(J). Pub. L. 97-362, § 102(a), redesignated former subpar. (I) as (J).
Subsec. (f). Pub. L. 97-354 struck out subsec. (f) relating to net operating loss of electing small business corporation.
Subsec. (i). Pub. L. 97-362, § 102(b), added subsec. (i). Former subsec. (i) redesignated (j).
Subsec. (j). Pub. L. 97-362, § 102(b), (c)(4), redesignated former subsec. (i) as (j) and, in par. (3) of subsec. (j) as so redesignated, substituted "subsection (b)(1)(I)" for "subsection (b)(1)(H)" wherever appearing. Former subsec. (j) redesignated (k).
Subsec. (k). Pub. L. 97-362, § 102(b), redesignated former subsec. (j) as (k).
1981 - Subsec. (b)(1)(B). Pub. L. 97-34, § 207(a)(1), substituted "15 taxable years" for "7 taxable years".
Subsec. (b)(1)(C). Pub. L. 97-34, § 207(a)(2)(A), substituted "ending after December 31, 1955, and before January 1, 1976, shall" for "ending after December 31, 1955, shall" and struck out provision that, for any taxable year ending after Dec. 31, 1975, the preceding sentence was to be applied by substituting "9 taxable years" for "7 taxable years".
Subsec. (b)(1)(E)(i)(II). Pub. L. 97-34, § 207(a)(2)(B)(i), substituted "15" for "8".
Subsec. (b)(1)(E)(ii). Pub. L. 97-34, § 207(a)(2)(B)(ii), struck out designation subclause "(I)" for provisions prohibiting a loss carryback to any taxable year which is a REIT year and struck out provision formerly designated as subclause (II) directing that the number of taxable years to which a loss could be a net operating loss carryover under subparagraph (B) be increased (to a number not greater than 8) by the number of taxable years to which such loss could not be a net operating loss carryback by reason of subclause (I).
Subsec. (g)(3)(C). Pub. L. 97-34, § 207(a)(2)(C), struck out subpar. (C) which provided that, in the case of a net operating loss carryover from a loss year ending after Dec. 31, 1975, subpars. (A) and (B) were to be applied by substituting "8th taxable year" for "6th taxable year" and "9th taxable year" for "7th taxable year".
1980 - Subsec. (b)(1)(A). Pub. L. 96-222, § 106(a)(6), substituted ", (H), and (I)" for "and (H)".
Pub. L. 96-222, § 103(a)(15), amended directory language of Pub. L. 95-600, § 371(a)(2), to correct an error, and did not involve any change in text. See 1978 Amendment note for subsec. (b)(1)(A) below.
Subsec. (b)(1)(B). Pub. L. 96-222, § 106(a)(7), substituted