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1. www.natlawreview.com › article › decodingDecoding Combination: What Is a Unitary Business

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   Apr 14, 2015 · The unitary business principle originated in the United States in the 19th century with state property taxes and transcontinental railroad and express companies. The issue in those early cases was ...

2. www.nj.gov › treasury › taxationThe Unitary Business Principle and Combined Returns

   www.nj.gov › treasury › taxation

   principle and the definition of unitary business for New Jersey Corporation Business Tax purposes . For periods ending on and after July 31, 2023 (highlighting added for emphasis) the definition of a unitary business is defined in N.J.S.A. 54:10A-4(gg) as: ‘Unitary business’ means, for privilege periods ending before July 31, 2023, a single

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3. People also ask

   What is a unitary business principle?

   • The Supreme Court has since ordained the unitary business principle as the ‘‘linchpin of apportionability in the field of state income taxation.’’ A. Early Cases The unitary business principle originated in the United States in the 19th century with state property taxes and transcontinental railroad and express companies.

   Decoding Combination: What Is a Unitary Business

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   Can a unitary business principle apply to a sale of a business?

   • Andersen’s State and Local Tax (SALT) team can help business taxpayers understand how the unitary business principle could apply to the sale of a business unit and help a corporate parent anticipate, reduce or avoid state corporate income tax assessments in connection with a planned divestiture. Overview of the Unitary Business Principle

   Selling a Business Unit? Understand the Unitary Business Doctrine to

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   What is a unitary business?

   • While states initially applied the unitary concept to determine the share of income earned in the state by a single company, the principle was extended in later years to determine the share of income earned in the state by a multiple-entity unitary business.

   Decoding Combination: What Is a Unitary Business

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   Is a business within a state a unitary business?

   • Under this test, if the operation of a portion of the business done within the state depends on or contributes to the operation of the business outside the state, the operations are unitary; otherwise, if there is no such contributionor dependency, the business within the state may be considered to be separate.

   Decoding Combination: What Is a Unitary Business

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4. www.thetaxadviser.com › issues › 2010Income Apportionment and Allocation after Mead - The Tax Adviser

   www.thetaxadviser.com › issues › 2010

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   Unitary Business Purpose vs. Operational Function Test. Since the Supreme Court issued its ruling in Allied-Signal, corporate taxpayers have struggled with the relationship between the unitary business principle and the operational function test. Under the unitary business principle, if at least one member of a corporate group is subject to a ...

5. www.journalofaccountancy.com › issues › 2008Unitary Business Principle Clarified - Journal of Accountancy

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   Illinois , the nation’s top court said an Illinois appellate court improperly applied the operational function test of the unitary business principle in concluding that MeadWestvaco Corp. (“Mead”) owed the state capital gains tax on a portion of its gain from the 1994 sale of Lexis/Nexis (“Lexis”). Mead, which is domiciled in Ohio ...

6. andersen.com › pressroom › selling-a-business-unitSelling a Business Unit? Understand the Unitary Business ...

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   The unitary business principle is premised on the idea that certain integrated businesses should be taxed as a single unit. This principle serves both as the foundation for the common apportionment of related business activities, and the combined reporting method, which is required or permitted in a majority of states.

7. www.michigan.gov › taxes › questionsUnitary Business Groups 8. What is a unitary business group?

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   Generally, a unitary business group is a group of related persons whose business activities or operations are interdependent. More specifically, a unitary business group is two or more persons that satisfy both a control test and one of two relationship tests. MCL 206.611 (6). A unitary business group is a single taxpayer under the CIT and must ...

8. s3-us-east-2.amazonaws.com › mwe › wp-contentDEMYSTIFYING STATE AND LOCAL TAX

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   a unitary business enterprise through combined reporting. The Supreme Court has since ordained the unitary business principle as the ‘‘linchpin of apportionability in the field of state income taxation.’’3 A. Early Cases The unitary business principle originated in the United States in the 19th century with state property taxes and