If the methods of allocation and apportionment in this chapter do not fairly represent the extent of a corporation's business activity in the state, the corporation may petition for or the department may require, in respect to all or any part of the corporation's business activity, if reasonable, the employment of any method authorized under art. IV, sec. 18, of the Multistate Tax Compact (AS 43.19.010) to effectuate an equitable allocation and apportionment of the corporation's income. If a taxpayer can demonstrate or the department determines that a distortion of income apportioned to the state has arisen, the taxpayer may request, or the department will, in its discretion, require, that the apportionment formula in AS 43.20.144 and 15 AAC 20.490 be modified to provide appropriate relief under the circumstances.

(Eff. 4/14/82, Register 82)

Authority: AS 43.05.080