§ 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.