old loss corporation
Defined in 1 place of the United States Code.
The term “old loss corporation” means any corporation—
(A) with respect to which there is an ownership change, and
(B) which (before the ownership change) was a loss corporation.
Source
- 1994–present26 U.S.C. § 382Internal Revenue Code · Limitation on net operating loss carryforwards and certain built-in losses following ownership change · for purposes of this section