For purposes of this chapter, except as otherwise specifically provided, the following Internal Revenue Code Sections are specifically not adopted by this State:

1. (1) Sections 1(a) through 1(e), 3, 11, and 1201 relating to federal tax rates;
2. (2) Sections 22 through 53, 515, 853, 901 through 908, and 960 relating to tax credits;
3. (3) Sections 55 through 59 relating to minimum taxes;
4. (4) Sections 78, 86, 87, 196, and 280C;
5. (5) Sections 72(m)(5)(B), 72(f), 72(o), 72(q), and 72(t), relating to penalty taxes on certain retirement plan distributions;
6. (6) Section 172(b)(1) relating to net operating loss carrybacks;
7. (7) Sections 531 through 564 relating to certain special taxes on corporations;
8. (8) Sections 581, 582, and 585 through 596 relating to the taxation of banking institutions;
9. (9) Sections 665 through 668 relating to taxation of certain accumulation distributions from trusts;
10. (10) Sections 801 through 845 relating to taxation of insurance companies;
11. (11) Sections 861 through 908, 912, and 931 through 989 relating to the taxation of foreign income;
12. (12) Sections 1401 through 1494;
13. (13) Sections 1501 through 1505 relating to consolidated tax returns; and
14. (14) Sections 2001 through 7655, 7801 through 7871, and 8001 through 9602, except for Section 6015, and except for Sections 6654 and 6655 which are adopted as provided in Section 12-6-3910.