North Dakota Administrative Code Title 81 — Tax Commissioner
N.D. Admin. Code § 81-03-05.2-02
Water's edge election
A taxpayer may elect to use the water's edge method for any taxable year beginning on or after January 1, 1989. 2. A water's edge election is made when each taxpayer in the unitary group checks the water's edge box on its original North Dakota income tax return for the first year to which the election applies. 3. If a water's edge taxpayer files a consolidated water's edge return, the election made on that return shall apply to all members of the water's edge group included in that return. 4. An affiliated corporation is considered to have consented to a water's edge election if the corporation becomes a member of the group after the group elects to use the water's edge method.
Amendment history
History: Effective July 1, 1989; amended effective August 1, 1994; April 1,1995. General Authority: NDCC 57-38-56 Law Implemented: NDCC 57-38.4-02
Source: view the official PDF
In this article (40 sections)
- 81-03-03.1-01 · Certificate of residence - Penalty
- 81-03-03.1-02 · Employer's application for registration
- 81-03-03.1-03 · Exemptions - Federal or state withholding certificate
- 81-03-03.1-04 · Amount of wages payable before withholding applies
- 81-03-03.2-01 · Definitions
- 81-03-03.2-02 · New jobs credit from withholding
- 81-03-03.2-03 · Withholding not included in new jobs credit from…
- 81-03-03.2-04 · New jobs credit from withholding statement
- 81-03-04-01 · Corporation required to report and pay estimated tax and…
- 81-03-04-02 · Payments of estimated taxes by individuals, estates, and…
- 81-03-04-03 · Estimated income tax payment
- 81-03-05.1-01 · Cooperatives required to file
- 81-03-05.1-02 · Computation of unitary business income subject to…
- 81-03-05.1-03 · DISC and FSC subject to North Dakota income tax
- 81-03-05.1-04 · DISC distributions
- 81-03-05.1-05 · Subchapter S corporation tax credits
- 81-03-05.1-06 · Tax credit for research and experimental expenditures
- 81-03-05.1-07 · Net operating losses
- 81-03-05.1-08 · Consolidated returns
- 81-03-05.2-01 · Definitions
- 81-03-05.2-02 · Water's edge election
- 81-03-05.2-03 · Method of reporting
- 81-03-05.2-04 · Elements of the water's edge combined report
- 81-03-05.2-05 · Domestic disclosure spreadsheet
- 81-03-05.2-06 · Failure to comply with water's edge election
- 81-03-05.2-06.1 · Recission of a water's edge election
- 81-03-05.2-07 · Procedure for review of tax commissioner's recision of…
- 81-03-05.2-08 · Administrative provisions of income tax law applicable
- 81-03-05.3-01 · Definitions
- 81-03-05.3-02 · Method of filing
- 81-03-05.3-03 · Elements of worldwide combined report
- 81-03-05.4-01 · Definitions
- 81-03-05.4-02 · Use of this rule
- 81-03-05.4-03 · Computation - Part I
- 81-03-05.4-04 · Computation - Part II
- 81-03-05.4-05 · Additional provisions
- 81-03-05.5-01 · Credit for North Dakota alternative minimum tax
- 81-03-05.5-02 · Deduction for federal alternative minimum tax
- 81-03-09-01 · General
- 81-03-09.1-01 · Special rules - Financial institutions