59-7-305 - When taxable in another state.
59-7-305. When taxable in another state.
For purposes of allocation and apportionment of income under this part, a taxpayer istaxable in another state if:
(1) in that state the taxpayer is subject to a net income tax, a franchise tax measured bynet income, a franchise tax for the privilege of doing business, or a corporate stock tax; or
(2) that state has jurisdiction to subject the taxpayer to a net income tax regardless ofwhether, in fact, the state does or does not.
Renumbered and Amended by Chapter 2, 1987 General Session