I am not a tax guy but, I don't think you tax NOLs? From the little that I know, after the NOL offsets any if there is any $$$ left standing then you tax it. Oh my mistake, after all the loopholes are used after the NOLs then you then have a true income of 0 to apply the corp tax rate....oh my seconf mistake you then take your credits and maybe bet another billion or two back as a refund...My friend works the oil industry and he tells me this stuff......they make billions and then get a refund credit...lol...go figure...devil
Seriously, you dont tax NOLs....