§ 8502.2. Credits
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs
72 P.S. § 8502.2
§ 8502.2. Credits
For each state in which the institution is subject to tax, the amount of the credit shall be the lesser of:
(2) the total tax due under this article without regard to apportionment multiplied by a fraction the numerator of which is the amount of the institution's income (or other applicable basis of taxation) subject to tax by such state and the denominator of which is the amount of the institution's entire income (or other applicable basis of taxation) to which a system of apportionment or allocation is applied by such state; except that, if a state does not apply a system of allocation or apportionment, the numerator of such fraction is the amount of the institution's income (or other applicable basis of taxation) which would be subject to taxation in such state if the apportionment fraction were computed in accordance with the provisions of this article.
Credits
1971, March 4, P.L. 6, No. 2, art. XV, § 1502.2, added 1988, Oct. 14, P.L. 737, No. 106, § 4, imd. effective.
72 P.S. § 8502.2, PA ST 72 P.S. § 8502.2
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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