Alaska Administrative Code — Title 15 (Revenue)
15 AAC 20.320
Attribution of income
# (a)
The income, expenses, assets, and apportionment factors of an enterprise involving undivided joint ownership must be attributed to the joint owners of that enterprise on the basis of their respective ownership interests, as may be modified by agreement among those joint owners.
For purposes of this section, partnerships, joint ventures, trusts with joint beneficiaries and similar legal entities but not a single corporation, are enterprises involving undivided joint ownership.
# (b)
If a corporation conducts business in the state through a noncorporate intermediary, then that corporation is presumed to derive income subject to tax under this chapter from those operations in the amount of the income earned by the intermediary which corresponds to the corporation's respective interest in the profits and losses of the intermediary. The corporation's tax is calculated using that portion of the total revenues and deductions of the intermediary which correspond to the corporation's respective interest in the profits and losses of the intermediary, as if the corporation were directly conducting the operations actually conducted by the intermediary. This subsection only applies if the income earned by the intermediary has not already been included in the corporation's income. The corporation's respective interest in the profits and losses of an intermediary shall be as determined under sec. 704 of the Internal Revenue Code (26 U.S.C. sec. 704). In this section, "intermediary" includes "intermediaries."
(Eff. 4/14/82, Register 82)
Statutory Authority:
Authority:
AS 43.05.080 Art. IV, § 18,
AS 43.19.010 Ak Const.
Amendment history
Eff. 4/14/82, Register 82
Source: official source document (full AAC Title 15 PDF)
In this chapter (40 sections)
- 20.046 · Filing requirements for refund of 1980 Alaska withholding or
- 20.050 · Allocation and apportionment of income
- 20.060 · Deposit and payment requirements by employers in connection…
- 20.070 · Timeliness of monthly deposit
- 20.080 · Deleted
- 20.100 · Returns
- 20.110 · Investment tax credit
- 20.120 · Alternative energy expenditure credit; eligibility
- 20.122 · Alternative energy system substantiation
- 20.124 · Energy conservation improvement substantiation
- 20.130 · Rates of tax
- 20.135 · Alternative minimum tax and credit for prior year minimum tax
- 20.140 · Determination of net capital gain or loss
- 20.145 · Credits adopted by reference
- 20.150 · Requirement to file returns electronically
- 20.155 · Electronic filing waivers
- 20.200 · Definitions
- 20.260 · Film production tax credit
- 20.300 · Combination and apportionment
- 20.310 · Unitary business
- 20.320 · Attribution of income
- 20.330 · Water's edge combined reporting method
- 20.335 · Affiliated group
- 20.340 · Worldwide combined reporting
- 20.345 · Water's edge returns
- 20.350 · Intercompany transactions
- 20.355 · Adjustments to intercompany transactions
- 20.360 · Records of intercompany transactions
- 20.375 · Income for the water's edge combined group
- 20.380 · Factors assignable to locations within the United States
- 20.385 · Treatment of foreign dividends and royalties
- 20.390 · Domestic disclosure spreadsheet
- 20.410 · Corporations engaged in oil or gas production or pipeline
- 20.420 · Reporting requirements
- 20.421 · Apportionment of petroleum business income of a taxpayer…
- 20.422 · Transition rule for taxpayers subject to 43.20.144 for…
- 20.430 · Taxable income
- 20.440 · Section 72 business income
- 20.445 · Intangible drilling and development costs
- 20.450 · Federal taxable income