Indiana Code — Title 6 (Taxation)
IC 6-3-2-16
Transactions between taxable entity and unitary taxpayer
Official textiga.in.govlast amended
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.
Amendment history
As added by P.L.1-1990, SEC.77.
Source: view the official text
Nearby sections (25 sections)
- 6-3-2-6 · Deduction; rent payments
- 6-3-2-7 · Repealed
- 6-3-2-8 · Enterprise zone employers; exemption from deduction
- 6-3-2-9 · Disability retirement; deduction; amount
- 6-3-2-10 · Unemployment compensation; deduction
- 6-3-2-11 · Deductions from adjusted gross income; federal employee paid
- 6-3-2-12 · Foreign source dividends; deduction; computation
- 6-3-2-13 · Expired
- 6-3-2-14 · Repealed
- 6-3-2-14.1 · Prize money accruing before July 1, 2002; exemption
- 6-3-2-14.5 · Repealed
- 6-3-2-15 · Repealed
- 6-3-2-16 · Transactions between taxable entity and unitary taxpayer
- 6-3-2-17 · Repealed
- 6-3-2-18 · Employee medical care savings accounts; exemption limited to
- 6-3-2-19 · Distributions for higher education; exemptions
- 6-3-2-20 · Corporations; intangible expenses; directly related interest
- 6-3-2-21.7 · Exemption for certain income derived from patents
- 6-3-2-22 · Deduction; unreimbursed education expenditures
- 6-3-2-24 · Income tax exemption; Olympic medalist
- 6-3-2-25 · Adjusted gross income tax deduction for property taxes
- 6-3-2-26 · Deduction for contributions to a regional development
- 6-3-2-27.5 · Exemption for Indiana income earned by nonresidents
- 6-3-2-28 · Deduction for qualified health care sharing expenses
- 6-3-2-29 · Specified research or experimental expenditures; deduction;