Minnesota Legislature
Office of the Revisor of Statutes
Minnesota Administrative Rules
8019.0300 UNITARY BUSINESS, REPORTING.
§
Subp. 5.
Credits.
Any refundable or nonrefundable credits allowed on the Minnesota return are allowed only to a corporation that has a nexus with Minnesota and must be based on that corporation's expenditures. These credits must be taken into consideration after computing the income or loss of a unitary business on the combined report.
History:
26 SR 435; L 2005 c 151 art 1 s 114
Published Electronically:
November 14, 2006
Official Publication of the State of Minnesota
Revisor of Statutes