When the § 382 limitation is evoked,the acquiring corporation is limited in its use of tax loss carryover attributes of the loss corporation.The limitation is based on the value of the loss corporation times the Federal long-term tax-exempt rate.

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This statement is true. The § 382 limitation refers to the Internal Revenue Code section that outlines the limitation on the use of tax loss carryovers by an acquiring corporation after a significant ownership change has occurred. The limitation is based on the value of the loss corporation multiplied by the Federal long-term tax-exempt rate.

When the § 382 Limitation Is Evoked,the Acquiring Corporation Is