Members of a combined or consolidated return shall eliminate intercompany amounts included in the group’s income, expense, and apportionment factors when necessary to avoid distortion of the group’s Arizona taxable income.

Historical Note

Recodified at 6 A.A.R. 2308, filed in the Office of the Secretary of State June 2, 2000 (Supp. 00-2). Amended by final rulemaking at 7 A.A.R. 4973, effective October 5, 2001 (Supp. 01-4).