(a) Intercompany rents shall not be included in the computation of the value of property rented as a property factor in the apportionment fraction if the lessor and lessee are included in a combined return as provided in § 12-223a.

Terms Used In Connecticut General Statutes 12-223b

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.

(b) Intercompany business receipts, receipts by a corporation included in a combined return under § 12-223a, from any other corporation included in such return, shall not be included in the computation of the receipts factor of the apportionment fraction.

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