On and after January 1, 2003, any municipal corporation that imposes a tax on the income or net profits of corporations shall accept for filing a consolidated income tax return from any affiliated group of corporations subject to the municipal corporation's tax if that affiliated group filed for the same tax reporting period a consolidated return for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.
Repealed by 130th General Assembly File No. TBD, HB 5, ยง2, eff. 3/23/2015, applicable to municipal taxable years beginning on or after 1/1/2016.
Effective Date: 07-26-2000
Section: Previous 718.04-2 718.041 718.05 718.05-2 718.051 718.051-2 718.052 718.06 718.06-2 718.07 718.08 718.08-2 718.09 718.09-2 718.10 NextLast modified: October 10, 2016