Ariz. Appeals Court Clarifies Business Income Test

Law360, New York (December 2, 2013, 2:01 PM EST) -- An Arizona appeals court has ruled that the state may use the functional test under the Uniform Division of Income for Tax Purposes Act when imposing corporate income taxes on communication technology giant Harris Corp.

In a Nov. 26 ruling, the Arizona Court of Appeals, Division One, disagreed with the company's argument that UDITPA's definition of business income involved only the transactional test — income produced by an activity in the regular course of business — and that the functional test merely described examples of business...
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