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Insurance Companies/Financial Institutions 6. (Rescinded beginning with tax year 2017) Financial Institutions must calculate the net capital tax base five year look-back period to find the average of net equity and certain deductions.

The net capital of each of the combined entities should be included separately in the tax base look back period for years prior to the acquisition. The sum of these separate calculations should then be combined to reach net capital of the surviving financial institution entity. Net capital from the look back period for both the surviving and acquired entities should be included in the calculation of the tax base.