New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 300 - BUSINESS PROFITS TAX
Part Rev 302 - COMPUTATION OF GROSS BUSINESS PROFITS
Section Rev 302.09 - Business Organizations Includible in Federal Consolidated Return
Current through Register No. 13, March 27, 2025
(a) Business organizations includible in a federal consolidated return shall determine their gross business profits without applying sections 1501 through 1505 of the IRC and the U.S. Department of the Treasury's Treasury Regulations 1.1501 et seq.
(b) Business organizations shall compute the basis of their property, including the stock of subsidiaries, using the basis provisions contained in the IRC for non-affiliated corporations.
(c) A combined group of business organizations filing a federal consolidated return shall determine the gross business profits of each separate business organization in accordance with (a) and (b) above.
(d) The amount of income, expense and gross business profits determined under (a) above, for each entity shall be added together and all intergroup activity eliminated to arrive at the gross business profits of the combined group.
#4438, eff 6-22-88; ss by #5490, eff 10-19-92; ss by #6853, eff 9-23-98; ss by #8709, eff 8-25-06
