Ind. Admin. Code tit. 45, § 3.1-1-52 - Numerator of Sales Factor

Current as of January 1, 1970

45 Iac 3.1-1-52 - Numerator of Sales Factor45 Iac 3.1-1-52 - Numerator of Sales Factor

45 Iac 3.1-1-51 - Denominator of Sales Factor 45 Iac 3.1-1-53 - In-state Sales of Tangible Personal Property

45 IAC 3.1-1-52 Numerator of sales factor

Authority: IC 6-8.1-3-3

Affected: IC 6-3-2-2; IC 6-3-4-14

Sec. 52. Numerator of Sales Factor. The numerator of the sales factor generally includes gross receipts from sales attributable to this state, and includes all interest income, service charges, carrying charges, or time-price differential charges incidental to such sales regardless of the place where the accounting records are maintained or the location of the contract or other evidence of indebtedness. The numerator shall not include sales between members of an affiliated group filing consolidated returns under IC 6-3-4-14.

(Department of State Revenue; Reg 6-3-2-2(e)(030); filed Oct 15, 1979, 11:15 am: 2 IR 1527; errata, 2 IR 1743)

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