Alaska Administrative Code
Title 15 - Revenue
Chapter 20 - Alaska Net Income Tax
Article 3 - Corporate Net Income Tax; Combination and Apportionment Rules
15 AAC 20.320 - Attribution of income

(a) The income, expenses, assets, and apportionment factors of an enterprise involving undivided joint ownership must be attributed to the joint owners of that enterprise on the basis of their respective ownership interests, as may be modified by agreement among those joint owners. For purposes of this section, partnerships, joint ventures, trusts with joint beneficiaries and similar legal entities but not a single corporation, are enterprises involving undivided joint ownership.

(b) If a corporation conducts business in the state through a noncorporate intermediary, then that corporation is presumed to derive income subject to tax under this chapter from those operations in the amount of the income earned by the intermediary which corresponds to the corporation's respective interest in the profits and losses of the intermediary. The corporation's tax is calculated using that portion of the total revenues and deductions of the intermediary which correspond to the corporation's respective interest in the profits and losses of the intermediary, as if the corporation were directly conducting the operations actually conducted by the intermediary. This subsection only applies if the income earned by the intermediary has not already been included in the corporation's income. The corporation's respective interest in the profits and losses of an intermediary shall be as determined under sec. 704 of the Internal Revenue Code (26 U.S.C. sec. 704). In this section, "intermediary" includes "intermediaries."