Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
Unitary Business Groups (UBGs)
Unitary Business Groups
For all Corporate Income Tax (CIT) purposes, all members of a Unitary Business Group (UBG) are defined as a single taxpayer, and for Research and Development (R&D) Tax Credit purposes, cannot file or claim the credit as separate entities.
Eligible CIT UBGs must base their credit calculations on the group’s combined values.