Alaska Administrative Code
Title 15 - Revenue
Chapter 20 - Alaska Net Income Tax
Article 3 - Corporate Net Income Tax; Combination and Apportionment Rules
15 AAC 20.350 - Intercompany transactions

Universal Citation: 15 AK Admin Code 15 AAC 20.350

Current through August 30, 2024

(a) Income from intercompany transactions between members of the water's edge combined group shall be eliminated from the water's edge return.

(b) Income from transactions between a member of the water's edge combined group and a corporation outside the water's edge combined group, whether domestic or foreign, must be included in the water's edge return.

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 a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 15 AAC 20.350, so that the citation to former AS 43.20.073 now refers to the renumbered statute, AS 43.20.145.

Authority:AS 43.05.080

AS 43.19.010

AS 43.20.145

Art. IV, § 18,

Ak Const.

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