Unitary business definition

Unitary business means a single economic enterprise that is made up of separate parts of a single entity or of a commonly controlled group of entities that are sufficiently interdependent, integrated, and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a significant flow of value to the separate parts. In determining whether a unitary business exists, the comptroller shall consider any relevant factor, including whether:
Unitary business means one or more related business organizations engaged in business activity both within and outside the State among which there exists a unity of ownership, operation, and use; or an interdependence in their functions.
Unitary business means [a single economic enterprise that is made up either of separate parts of a single business entity or of a commonly controlled group of business entities that are sufficiently interdependent, integrated and interrelated through their activities so as to provide a synergy and mutual benefit that produces a sharing or exchange of value among them and a significant flow of value to the separate parts.] Drafter’s note: This portion of the definition is drafted to follow MTC Reg. IV(b), defining a “unitary business.” A state that does not wish to define unitary business in this manner should consider alternative language. In addition, this MTC Regulation defining unitary business includes a requirement of common ownership or control. A state which treats ownership or control requirements separately from the unitary business requirement will need to make additional amendments to the statutory language. Any business conducted by a partnership shall be treated as conducted by its partners, whether directly held or indirectly held through a series of partnerships, to the extent of the partner's distributive share of the partnership's income, regardless of the percentage of the partner's ownership interest or its distributive or any other share of partnership income. A business conducted directly or indirectly by one corporation is unitary with that portion of a business conducted by another corporation through its direct or indirect interest in a partnership if the conditions of the first sentence of this section 1.F. are satisfied, to wit: there is a synergy, and exchange and flow of value between the two parts of the business and the two corporations are members of the same commonly controlled group.

Examples of Unitary business in a sentence

  • Unitary business is a concept of constitutional law defined in decisions of the United States Supreme Court.

  • Unitary business" means a business activity that is characterized by unity of ownership, functional integration, centralization of management and economies of scale.[PL 1999, c.

  • Unitary business groups will no longer exclude members who are ordinarily required toapportion business income under different subsections of Section304.

  • Unitary business group includes an affiliated group that makes the election to be treated, and to file, as a unitary business group under section 691(2).(7) "United States person" means that term as defined in section 7701(a)(30) of the internal revenue code.

  • Thus, X Corporation owns or controls 80 percent or more of the voting stock of Y Corporation.[(b) Unitary business requirement.


More Definitions of Unitary business

Unitary business means business activities or operations of financial institutions that are of mutual benefit, dependent upon, or contributory to one another, individually or as a group, in transacting the business of a financial institution. "Unitary business" may be applied within a single legal entity or between multiple entities. "Unitary group" includes those entities that are engaged in a unitary business wholly within or within and without this state;
Unitary business means business activities or operations that are of mutual benefit, dependent upon or contributory to one another, individually or as a group, in transacting the business of a financial institution. The term can be applied within a single entity or between multiple entities and without regard to whether each entity is a corporation, partnership, or trust. Unity is presumed if there is unity of ownership, operation, or use as evidenced by centralized purchasing, advertising, accounting, or other controlled interaction among entities that are members of the unitary group as defined in IC 6-5.5-1-18(a).
Unitary business means the activities of a group of two or more corporations under common ownership that are sufficiently interdependent, integrated or interrelated through their activities so as to provide mutual benefit and produce a significant sharing or exchange of value among them or a significant flow of value between the separate parts.
Unitary business means a single economic
Unitary business means the activities of a group of two (2) or more corporations under common ownership that are sufficiently interdependent, integrated orinterrelated through their activities so as to provide mutual benefit and produce a significant sharing or exchange of value among them or a significant flow of value between the separate parts. The term “unitary business” shall be construed by Rhode Island to the broadest extent permitted under the United States Constitution.39
Unitary business means a business enterprise in which there exists directly or indi- rectly between the members or parts of the enterprise a sharing or exchange of value as demon- strated by:
Unitary business means a single economic enterprise that is