Annual returns required
Sec. 1. Annual returns with respect to the tax imposed by this
article shall be made by every taxpayer:
(1) having for the taxable year adjusted gross income or
apportioned income subject to taxation under this article; or
(2) that would have had adjusted gross income or apportioned
income subject to taxation under this article, but had a loss for
that taxable year.
However, taxpayer members of a unitary group are required to file
only one (1) return covering all members of the unitary group. The
taxpayer member that files the return may be designated by the
members of the unitary group pursuant to consents executed by each
member. Each taxpayer member of a unitary group is jointly and
severally liable for the tax liability of all members of the unitary
group.
As added by P.L.347-1989(ss), SEC.1. Amended by P.L.68-1991,
SEC.14.
Last modified: May 28, 2006