Title 59 Chapter 7 Section 305

Revenue and Taxation
Corporate Franchise and Income Taxes
Section 305
When taxable in another state.


59-7-305.   When taxable in another state.

            For purposes of allocation and apportionment of income under this part, a taxpayer is taxable in another state if:

            (1) in that state the taxpayer is subject to a net income tax, a franchise tax measured by net income, a franchise tax for the privilege of doing business, or a corporate stock tax; or

            (2) that state has jurisdiction to subject the taxpayer to a net income tax regardless of whether, in fact, the state does or does not.

Renumbered and Amended by Chapter 2, 1987 General Session