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amount of net income computed under Section 202 without regard to the deduction allowed by this Section or $500,000, whichever is greater, for any taxable year ending on or after December 31, 2029, and before December 31, 2030; (7) no carryover deduction shall exceed 65% of the amount of net income computed under Section 202 without regard to the deduction allowed by this Section or $500,000, whichever is greater, for any taxable year ending on or after December 31, 2030 and before December 31, 2031; (8) no carryover deduction shall exceed 80% of the amount of net income computed under Section 202 without regard to the deduction allowed by this Section or $500,000, whichever is greater, for any taxable year ending on or after December 31, 2031. For the purposes of determining the taxable years to which a net loss may be carried under subsection (a) of this Section, no taxable year for which a deduction is disallowed under this subsection, or for which one of the restrictions in this subsection applies the deduction would exceed $100,000 or $500,000, as applicable, if not for this subsection, shall be counted. (e) In the case of a residual interest holder in a real estate mortgage investment conduit subject to Section 860E of the Internal Revenue Code, the net loss in subsection (a) SB3019 Enrolled LRB104 20255 HLH 33706 b Public Act 104-0468