Mississippi Administrative Code
Title 35 - Department of Revenue
Part 3 - Income and Franchise
Subpart 08 - Corporations
Chapter 07 - Consolidated or Combined Returns
Section 35-3-08-07-102 - In General
Section 35-3-08-07-102.03
Universal Citation: MS Code of Rules 35-3-08-07-102.03
Current through September 24, 2024
A newly acquired corporate member will also be eligible to be included in the combined return; but loss carryovers incurred prior to the time that the corporation became a member of the affiliated group can only offset income in that newly acquired corporation's future returns. Those losses will not be allowed to offset income of the other affiliated corporations.
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