Transactions between taxable entity and unitary taxpayer subject
to IC 6-5.5
Sec. 16. If an entity is subject to taxation under this article and is
a member of a unitary group of which a taxpayer subject to taxation
under IC 6-5.5 is a member, all income and deductions attributable
to transactions between the entity and the unitary taxpayer shall be
eliminated in determining the amount of tax imposed under this
article. This section does not prohibit the elimination of income and
deductions between two (2) or more entities that are not members of
a unitary group.
As added by P.L.1-1990, SEC.77.
Last modified: May 28, 2006