Sec. 3. For a taxpayer that is not filing a combined return, the taxpayer's apportioned income consists of the taxpayer's adjusted gross income for that year multiplied by the quotient of:
(1) the taxpayer's total receipts attributable to transacting business in Indiana, as determined under IC 6-5.5-4; divided by
(2) the taxpayer's total receipts from transacting business in all taxing jurisdictions, as determined under IC 6-5.5-4.
As added by P.L.347-1989(ss), SEC.1. Amended by P.L.6-2000, SEC.2.
Structure Indiana Code
Article 5.5. Taxation of Financial Institutions
6-5.5-2-1. Computation of Franchise Tax
6-5.5-2-3. Apportioned Income of Taxpayer Not Filing Combined Return
6-5.5-2-4. Apportioned Income of Taxpayer Filing Combined Return for Unitary Group
6-5.5-2-6. Credit for Nonresident Taxpayer
6-5.5-2-8. Partnerships; Grantor or Beneficiary of a Trust; Information Return; Withholding