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North Dakota Administrative Code Title 81 — Tax Commissioner

N.D. Admin. Code § 81-03-05.2-06.1

Recission of a water's edge election

Official textlegis.nd.govlast amended

# 1.

The water's edge election of a corporation that has had more than fifty percent of its voting stock acquired by a nonaffiliated corporation is rescinded.

# 2.

The water's edge election of a corporation formed due to a reorganization or spinoff from an existing taxpayer is rescinded if, after such reorganization or spinoff, it is no longer an affiliated member of the water's edge group.

# 3.

The water's edge election of a corporation that is completely liquidated is rescinded. The election does not carry over to a corporation receiving the liquidated assets. This provision does not affect the water's edge election made by any corporation that receives liquidated assets.

Amendment history

History: Effective April 1, 1995. General Authority: NDCC 57-38-56 Law Implemented: NDCC 57-38, 57-38.1, 57-38.4

Source: view the official PDF

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In this article (40 sections)
  1. 81-03-03.2-02 · New jobs credit from withholding
  2. 81-03-03.2-03 · Withholding not included in new jobs credit from…
  3. 81-03-03.2-04 · New jobs credit from withholding statement
  4. 81-03-04-01 · Corporation required to report and pay estimated tax and…
  5. 81-03-04-02 · Payments of estimated taxes by individuals, estates, and…
  6. 81-03-04-03 · Estimated income tax payment
  7. 81-03-05.1-01 · Cooperatives required to file
  8. 81-03-05.1-02 · Computation of unitary business income subject to…
  9. 81-03-05.1-03 · DISC and FSC subject to North Dakota income tax
  10. 81-03-05.1-04 · DISC distributions
  11. 81-03-05.1-05 · Subchapter S corporation tax credits
  12. 81-03-05.1-06 · Tax credit for research and experimental expenditures
  13. 81-03-05.1-07 · Net operating losses
  14. 81-03-05.1-08 · Consolidated returns
  15. 81-03-05.2-01 · Definitions
  16. 81-03-05.2-02 · Water's edge election
  17. 81-03-05.2-03 · Method of reporting
  18. 81-03-05.2-04 · Elements of the water's edge combined report
  19. 81-03-05.2-05 · Domestic disclosure spreadsheet
  20. 81-03-05.2-06 · Failure to comply with water's edge election
  21. 81-03-05.2-06.1 · Recission of a water's edge election
  22. 81-03-05.2-07 · Procedure for review of tax commissioner's recision of…
  23. 81-03-05.2-08 · Administrative provisions of income tax law applicable
  24. 81-03-05.3-01 · Definitions
  25. 81-03-05.3-02 · Method of filing
  26. 81-03-05.3-03 · Elements of worldwide combined report
  27. 81-03-05.4-01 · Definitions
  28. 81-03-05.4-02 · Use of this rule
  29. 81-03-05.4-03 · Computation - Part I
  30. 81-03-05.4-04 · Computation - Part II
  31. 81-03-05.4-05 · Additional provisions
  32. 81-03-05.5-01 · Credit for North Dakota alternative minimum tax
  33. 81-03-05.5-02 · Deduction for federal alternative minimum tax
  34. 81-03-09-01 · General
  35. 81-03-09.1-01 · Special rules - Financial institutions
  36. 81-03-09.1-02 · Definitions
  37. 81-03-09.1-03 · Apportionment and allocation - Property factor
  38. 81-03-09.1-04 · Apportionment and allocation - Receipts factor
  39. 81-03-09.1-05 · Apportionment and allocation - Payroll factor
  40. 81-03-09.1-06 · Taxable years
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