Section 45IAC3.1-1-39. Apportionment of business income by corporations

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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:

(Department of State Revenue; Reg 6-3-2-2(b)(030); filed Oct 15, 1979, 11:15 am: 2 IR 1523; errata, 2 IR 1743)

                    
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