Section 15.20.375. Income for the water's edge combined group.

	(a)  The total water's edge business income of the unitary business subject to apportionment is the federal taxable income of the water's edge combined group as determined under AS 43.20.145(b) and 15 AAC 20.300.  
	(b)  Royalties and dividends not excluded from taxable income under AS 43.20.145(b)(1) and (3) replace the attribution of expenses to the dividend and royalty income excluded under AS 43.20.145 and are in lieu of any disallowance of expenses.  

Authorities

43.05.080;43.20.145;01.05.031;43.20.073;44.62.125

Notes

Authority

AS 43.05.080 AS 43.20.145 Editor's note: In 2012 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 43.20.073 as AS 43.20.145. As of Register 204 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6), to 15 AAC 20.375, so that cross-references to former AS 43.20.073 now refer to the renumbered statute, AS 43.20.145. In addition, the regulations attorney made a conforming technical revision to the authority citation that follows 15 AAC 20.375, so that the citation to former AS 43.20.073 now refers to the renumbered statute, AS 43.20.145.

History

Eff. 7/9/93, Register 127; am 3/6/98, Register 145

References

15.20.375