(a)   Any net operating loss sustained by a Taxpayer in any Taxable Year may not be carried forward or back to any other Taxable Year, regardless of whether such net operating loss or any portion thereof is allocable to the City.
   (b)   Except for an affiliated group of Corporations filing a consolidated City income tax return pursuant to Section 191.04(g), a net operating loss sustained by one Taxpayer may not be used to offset the Net Profits or Salaries, Wages, Commissions and Other Compensation of any other Taxpayer.
(Ord. 154-00. Passed 1-8-01.)