(1) The sales factor for an interstate broadcaster shall be determined as provided in this section.
(2) The denominator of the sales factor shall include the total gross receipts derived by the interstate broadcaster from transactions and activities in the regular course of its trade or business, except receipts excluded under rules of the Department of Revenue.
(3) The numerator of the sales factor shall include all gross receipts attributable to this state, with gross receipts from broadcasting to be included as specified in subsection (4) of this section.
(4) Gross receipts from broadcasting of an interstate broadcaster which engages in income-producing activity in this state shall be included in the numerator of the sales factor in the ratio that the interstate broadcaster’s audience or subscribers located in this state bears to its total audience and subscribers located both within and without this state. [1989 c.792 §4]Section: Previous 314.655 314.660 314.665 314.670 314.675 314.680 314.682 314.684 314.686 314.688 314.690 314.695 314.705 314.710 314.712 Next
Last modified: August 7, 2008