Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 50 - Income
Subchapter 17 - Oklahoma Taxable Income for Corporations
Part 7 - APPORTIONMENT AND ALLOCATION OF CORPORATE INCOME AND EXPENSE
Section 710:50-17-70 - Unitary income; unitary business
Universal Citation: OK Admin Code 710:50-17-70
Current through Vol. 42, No. 1, September 16, 2024
"Unitary income" means income derived from the conduct of each separate business in more than one state, all the factors or which are essential to determining the ultimate gain derived from the business enterprise as a whole, and not from its component parts which are too closely connected and necessary to each other to justify division or separate allocation. Each corporation must calculate its own Oklahoma Taxable Income/Loss separately, even when included in a Consolidated Return.
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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