59-7-404.5 - Adjustment to apportionment factors for corporations in a combined report -- Sales factor -- Property factor.
59-7-404.5. Adjustment to apportionment factors for corporations in a combinedreport -- Sales factor -- Property factor.
For purposes of the apportionment sections under Part 3 of this chapter:
(1) Corporations filing a combined report under Section 59-7-402 or 59-7-403 may notinclude intercompany sales or other transactions between the corporations included in thecombined report when determining the sales factor.
(2) Intercompany rents between members of a combined report may not be considered inthe computation of the property factor.
Enacted by Chapter 83, 1994 General Session