Apportionment Formula - Multistate Operations

006.01 A partnership whose income is subject to tax in another state will determine its Nebraska income for nonresident individual and corporate partners by the use of the apportionment method set forth in Reg-24-023. Any entity established as a limited liability company whose income is subject to tax in another state and who has made a federal election to file a partnership return shall also apportion its income using Reg-24-023. 006.02 A partnership which receives income related to its ownership of another entity which is subject to tax in another state will adjust its Nebraska apportionment factor as set forth in Reg-24-056. 006.03 If neither the partnership nor the income received by the partnership from its ownership of another entity is subject to tax in another state, the entire income of the partnership is subject to Nebraska tax and will not be apportioned. (Sections 77-2727(2), 77-2729, and 77-2733(1)(a), R.R.S. 2003. July 16, 2005.)