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- Unitary Tax Definition | Law Insider
Unitary Tax means a state Income Tax that reflects the combined and or consolidated tax reporting (either on a domestic or worldwide basis) of a corporation and its Affiliates and that is imposed by that state either (i) on its apportioned and or allocable share of the net income of a taxpayer and its United States Affiliates that are engaged in a unitary business, part of which is conducted
- Unitary business Definition: 331 Samples | Law Insider
Define Unitary business means a single economic enterprise that is made up either of separate parts of a single business entity or of a group of business entities under common ownership that are sufficiently interdependent, integrated, and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a
- OCG-3, Combined Unitary Frequently Asked Questions - CT. gov
Office of the Commissioner Guidance Regarding the Calculation of the Corporation Business Tax on a Combined Unitary Basis For income years beginning on or after January 1, 2016, commonly owned companies engaged in a unitary business are required to calculate their Corporation Business Tax on a combined unitary basis On March 2, 2016, the Department of Revenue Services (DRS) issued general
- TIR 97-2 (Revised): Filing of a Combined Hawaii Income Tax . . .
This Tax Information Release (TIR) reiterates the requirement that a corporate taxpayer engaged in a unitary business as part of a unitary group must file a combined Hawaii income tax return This requirement is effective for tax years beginning after December 31, 1994
- 5 Key Takeaways | Unitary Business Principle - Lexology
Kilpatrick’s Jordan Goodman recently co-presented the session “ Unitary Business Principle ” at the Institute for Professionals in Taxation’s “2025 State Income Tax School” in Atlanta
- California Franchise Tax Board issues legal ruling on unitary . . .
On October 25, 2021, the California Franchise Tax Board (FTB) issued Legal Ruling 2021-01, Unity of Apportioning Pass-through Entities (Ruling), on how to apply unitary business principles to pass-through entities (such as partnerships, S corporations and limited liability companies treated as either) for the purpose of apportioning state taxes Specifically, the Ruling discusses situations
- Texas Tax Code Section 171. 1014 – Combined Reporting . . .
Tax Code Section 171 1014 Combined Reporting; Affiliated Group Engaged in Unitary Business (a) Taxable entities that are part of an affiliated group engaged in a unitary business shall file a combined group report in lieu of individual reports based on the combined group’s business
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