A business entity or unitary group generating income from a business activity that is taxable within Nebraska and subject to tax in at least one other state must apportion its income. The income is apportioned using the sales factor only, as provided in Reg-24-301 through Reg-24-350. 301.02 Apportionable Income.
063.01 Whenever the income of a corporate taxpayer, a member of a unitary group, or the unitary group which is taxable in another state for any taxable year, is changed or corrected in a way material to the tax liability owed to this state, the change must be reported to the Nebraska Department of Revenue (Department) within 60 days after the ...
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(9) Corporate taxpayer means any corporation that is not a part of a unitary business or the part of a unitary business, whether it is one or more corporations, that is doing business in this state. Corporate taxpayer does not include any corporation that has a valid election under subchapter S of the Internal Revenue Code or any financial ...
77-2734.06. Income tax; unitary business; apportionment of income. (1) The entire federal taxable income of a unitary business operating both within and without this state is presumed to be subject to apportionment.
In the United States, all states have unitary governments with bicameral legislatures (except Nebraska, which has a unicameral legislature). Ultimately, all local governments in a unitary state are subject to a central authority.
The Official Nebraska Government Website, Nebraska.gov is your link to all resources, news, statistics, & online services in the state of Nebraska. We enable citizens and businesses to interact with government, securely and efficiently.
77-2734.09. Income tax; unitary group; use of special apportionment formula; effect. Any member of a unitary group that is required or permitted to use an apportionment formula other than one prescribed by section 77-2734.05 shall be included in a return only with other corporations using the same apportionment formula.
Aug 04, 2011 · business income of unitary affiliates without nexus to the state. If the state’s requirements for combination are met, filing on a unitary combined basis is mandatory, not elective. Foreign affiliates may be included in a mandatory combined filing. As of 2011, approximately 24 states mandate unitary combined reporting. 15
Sales and Use Tax Ruling Number Tax Type Title Date Issued Document 01-16-1 Sales and Use Tax Guaranteed Asset Protection (GAP) Waiver Contracts 03/07/2016 PDF 01-16-2 Sales and Use Tax Revenue Ruling Rescinded (01-10-3, Net Metering of Electricity) 07/20/2016 PDF 01-14-1 Sales and Use Tax Delivery Charges for Direct Mail 05/05/2014 PDF 01-14-2 Sales and Use Tax Revenue Rulings Superseded 06 ...