South Dakota § 10-43-10.5 - Carryforward of net operating losses deductible.
Full text of South Dakota South Dakota Codified Laws § 10-43-10.5 — Carryforward of net operating losses deductible., with citation guidance and answers to common questions.
§ 10-43-10.5. Carryforward of net operating losses deductible.
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.
The provisions of this section only apply to net operating losses incurred on or after January 1, 2015.
Source: SL 2014, ch 60, § 4, eff. Jan. 1, 2015; SL 2016, ch 62, § 8.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 10-43-10.5
What does South Dakota Codified Laws § 10-43-10.5 cover?
Section 10-43-10.5 ("Carryforward of net operating losses deductible.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 10-43-10.5?
A common citation format is "South Dakota Codified Laws § 10-43-10.5" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 10-43-10.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.