Sec. 19-4.3. Allocation of taxable assets on combined returns

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Tax Law, § 1462(f)
In the case of combined returns, the factors of the asset allocation percentage are computed as though the corporations included in the return were one corporation. Intercorporate dividends and all other intercorporate transactions, including intercorporate receipts between the corporations included in the combined return, are eliminated. As to when combined returns will be required or permitted, see Subpart 21-2 of this Title.

                    
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