CHAPTER 11. TAXATION.

§11-15-15. Sales to affiliated companies or persons.

In determining gross proceeds of sales from one to another of affiliated companies or persons, or under other circumstances where the relation between the buyer and seller is such that the gross proceeds from a sale are not indicative of the true value of the subject matter of the sale, the Tax Commissioner shall prescribe uniform and equitable rules for determining the amount upon which the tax shall be levied, corresponding as nearly as possible to gross proceeds from the sale of similar products of like quality or character, where no common interest exists between the parties.

Bills Affecting §11-15-15

2003 Regular Session: HB3014
2004 Regular Session: HB4349
2004 Regular Session: SB594
2005 Regular Session: HB2445
2005 Regular Session: SB188
2006 Regular Session: HB2445
2006 Regular Session: HB4566
2006 Regular Session: HB4816
2006 Regular Session: SB520
2006 Regular Session: SB692
2008 Regular Session: HB4551
2008 Regular Session: SB596
2017 Regular Session: SB335
2018 Regular Session: SB120
2019 Regular Session: SB58