For purposes of computing the net worth franchise tax base on a consolidated basis, what is a “financial institution affiliated group?
A financial institution affiliated group is any affiliated group in which more than 50% of the group’s aggregate gross income (excluding dividends and receipts resulting from transactions between members) is derived from conducting the business of a financial institution as defined in Tenn. Code. Ann. Section 67-4-2004(2)(A).
Related Questions
- For purposes of computing the net worth franchise tax base on a consolidated basis, what is an "affiliated group?" An affiliated group is comprised of the following:
- For purposes of computing the net worth franchise tax base on a consolidated basis, what is a "financial institution affiliated group?
- For purposes of computing the net worth franchise tax base on a consolidated basis, what is an "affiliated group?
