Indiana § 6-3-2-16 Transactions between taxable entity and unitary taxpayer subject to IC
6-5.5

Indiana Statutes

§ 6-3-2-16 — Transactions between taxable entity and unitary taxpayer subject to IC 6-5.5

Indiana·Art. 3 STATE INCOME TAXES·Ch. 2 Imposition of Tax and Deductions

If an entity is subject to taxation under this
article and is a member of a unitary group of which a taxpayer subject
to taxation under IC 6-5.5 is a member, all income and deductions
attributable to transactions between the entity and the unitary taxpayer
shall be eliminated in determining the amount of tax imposed under
this article. This section does not prohibit the elimination of income
and deductions between two (2) or more entities that are not members
of a unitary group.

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If an entity is subject to taxation under this
article and is a member of a unitary group of which a taxpayer subject
to taxation under IC 6-5.5 is a member, all income and deductions
attributable to transactions between the entity and the unitary taxpayer
shall be eliminated in determining the amount of tax imposed under
this article. This section does not prohibit the elimination of income
and deductions between two (2) or more entities that are not members
of a unitary group.

Indiana § 6-3-2-16 (Transactions between taxable entity and unitary taxpayer subject to IC 6-5.5) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.