Section 100.3340 Business Income of Persons Other Than Residents (IITA Section 304)

Section 100

TITLE 86: REVENUE

CHAPTER I: DEPARTMENT OF REVENUE

PART 100 INCOME TAX

SECTION 100.3340 BUSINESS INCOME OF PERSONS OTHER THAN RESIDENTS (IITA SECTION 304)

Section 100.3340  Business

Income of Persons Other Than Residents (IITA Section 304)

In filing returns with this

state, if any person departs from or modifies the manner in which income has been

classified as business income or nonbusiness income in returns for prior years,

such person shall disclose in the return for the current year the nature and

extent of the modification. If the returns or reports filed by a person for all

states to which such person reports under Article IV of the Multistate Tax

Compact or the Uniform Division of Income for Tax Purposes Act are not uniform

in the classification of income as business or nonbusiness income, the person

shall disclose in its return to this state the nature and extent of the

variance.