§ 26-51-709
LexisNexis Practice Insights
1. Implementing FIN 48: Evaluating Business and Non-Business Income Tax Positions and the Operational Connection Test
2. Understanding Mead and its Application to Business and Non-Business Income
3. Implementing Financial Accounting Standards Board Interpretation (FIN) 48: U.S. Supreme Court Case Law Evaluating Unitary and Non-Unitary Factors
26-51-709. Business income.
All business income shall be apportioned to this state by multiplying the income by a fraction, the numerator of which is the property factor plus the payroll factor plus double the sales factor, and the denominator of which is four (4).