45 Ind. Admin. Code 3.1-1-39
Current through December 4, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-3-2-2
Sec. 39.
Apportionment of Business Income. All corporations subject to the allocation and apportionment provisions of IC 6-3-2-2(b) -(n) shall apportion their business income by use of the 3-factor formula described below, unless the taxpayer obtains a ruling which permits, or the Department requires, the use of a different formula which more fairly reflects its income from Indiana sources. See IC 6-3-2-2(1). The 3-factor formula is as follows:
45 IAC 3.1-1-39