2 taxable years
(iii)For purposes of clause (i), the term “applicable corporation” means— (I)a C corporation which acquires stock, or the stock of which is acquired in a major stock acquisition, (II)a C corporation making distributions with respect to, or redeeming, its stock in connection with an excess distribution, or (III)a C corporation which is a successor of a corporation described in subclause (I) or (II). (iv) (E) (i)Subparagraph (A)(i) shall be applied by substituting “3 taxable years” for “2 taxable years” with respect to the portion of the net operating loss for the taxable year which is an eligible loss with respect to the taxpayer.