Examples of Adjusted federal taxable income in a sentence
MTI = ((AFTI – New NOL) x AF) – Old NOL Adjusted Federal Taxable Income – R.C. 718.81(B) Adjusted federal taxable income means federal taxable income before net operating losses and special deductions as adjusted under R.C. 718.81(B).Apportionment Factor – R.C. 718.82(A)Net profit from a business conducted in one or more municipal corporations shall be sitused to a municipal corporation using a three‐factor apportionment formula.
Adjusted federal taxable income," for a person required to file as a C corporation, or for a person that has elected to be taxed as a C corporation under division (D)(5) of this section, means a C corporation's federal taxable income before net operating losses and special deductions as determined under the Internal Revenue Code, adjusted as follows: (1) Deduct intangible income to the extent included in federal taxable income.