Statutes, codes, and regulations
Oklahoma Administrative Code
Title 710 - Oklahoma Tax CommissionChapter 50 - IncomeSubchapter 17 - Oklahoma Taxable Income for Corporations
Part 7 - APPORTIONMENT AND ALLOCATION OF CORPORATE INCOME AND EXPENSE
Section 710:50-17-70 - Unitary income; unitary business

Okla. Admin. Code § 710:50-17-70

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Current through Vol. 41, No. 17, May 15, 2024
Section 710:50-17-70 - Unitary income; unitary business

"Unitary income" means income derived from the conduct of each separate business in more than one state, all the factors or which are essential to determining the ultimate gain derived from the business enterprise as a whole, and not from its component parts which are too closely connected and necessary to each other to justify division or separate allocation. Each corporation must calculate its own Oklahoma Taxable Income/Loss separately, even when included in a Consolidated Return.

Okla. Admin. Code § 710:50-17-70