§ 26-51-702
LexisNexis Practice Insights
1. Deciphering the Financial Accounting Standards Board Interpretation (FIN) 48
2. Implementing FIN 48: Intercompany Transactions, Economic Presence, and Affiliate Nexus
3. Understanding Mead and its Application to Business and Non-Business Income
4. Implementing Financial Accounting Standards Board Interpretation (FIN) 48: U.S. Supreme Court Case Law Evaluating Unitary and Non-Unitary Factors
26-51-702. Apportionment of net income authorized.
Any taxpayer having income from business activity which is taxable both within and without this state, other than activity as a public utility or the rendering of purely personal services by an individual, shall allocate and apportion his net income as provided in this subchapter.
1. Deciphering the Financial Accounting Standards Board Interpretation (FIN) 48
2. Implementing FIN 48: Intercompany Transactions, Economic Presence, and Affiliate Nexus
3. Understanding Mead and its Application to Business and Non-Business Income
4. Implementing Financial Accounting Standards Board Interpretation (FIN) 48: U.S. Supreme Court Case Law Evaluating Unitary and Non-Unitary Factors
26-51-702. Apportionment of net income authorized.
Any taxpayer having income from business activity which is taxable both within and without this state, other than activity as a public utility or the rendering of purely personal services by an individual, shall allocate and apportion his net income as provided in this subchapter.
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