Domestic International Sales Corporations

051.01 If a group of corporations includes a domestic international sales corporation or other entity accorded similar treatment under the Internal Revenue Code, the income of the group shall include only that portion of the domestic international sales corporation that is considered to be a dividend to the parent. 051.02 The sales to the domestic international sales corporation shall be eliminated. 051.03 The domestic international sales corporation‘s property, payroll, and sales shall be included in the factors to the extent of the ownership of the rest of the group. 051.04 There shall be no adjustment to the factors when the deferred income is realized by the parent. (Section 77-2734.08, R.S.Supp., 1984. July 7, 1985.)