1. (a) For purposes of 15 AAC 20.330 - 15 AAC 20.395, an affiliated group consists of two or more corporations in which 50 percent or more of the voting stock of one or more member corporations in the group is owned, directly or indirectly, by one or more corporate or noncorporate owners or by other members of the group. The group includes

   1. (1) a corporate owner;
   2. (2) any corporation with 50 percent or more of the voting stock that is directly or indirectly owned by one or more of those owners;
   3. (3) any corporation with 50 percent or more of the voting stock that is directly or indirectly owned by the corporate or noncorporate owners or by one or more members of the group.
2. (b) The ownership of voting stock may be determined by reference to related persons and constructive ownership as provided in Internal Revenue Code section 267 (26 U.S.C. 267).
3. (c) Membership in an affiliated group of corporations applies without regard to the country in which the members are incorporated or to the taxpayer's ability to include them in a federal consolidated return.

(Eff. 7/9/93, Register 127; am 3/6/98, Register 145)