43-942. Allocation in the case of controlled
corporations


A. In any case of two or more corporations owned or controlled directly or
indirectly by the same interests, the department may distribute, apportion or allocate
gross income, deductions, credits or allowances between or among such taxpayers, if it
determines that such distributions, apportionment or allocation is necessary in order to
prevent evasion of taxes or clearly to reflect the income of any such taxpayer.


B. For the purpose of enforcing this section, the department may require the filing
of a combined report and such other information as it deems necessary unless the taxpayer
has elected or is required to file a consolidated return pursuant to section 43-947.