206.621 Nexus; “actively solicits” and “physical presence” defined. Sec. 621. (1) Except as otherwise provided in this part, a taxpayer has substantial nexus in this state and is subject to the tax imposed under this part if the taxpayer has a physical presence in this state for a period of more than 1 day during […]
206.623 Corporate income tax; levy and imposition; base; adjustments; business income of unitary business group; “business loss” and “oil and gas” defined. Sec. 623. (1) Except as otherwise provided in this part, there is levied and imposed a corporate income tax on every taxpayer with business activity within this state or ownership interest or beneficial […]
206.625 Exemptions; corporate income tax base of foreign person; sales factor; “business income,” “domiciled,” and “foreign person” defined. Sec. 625. (1) Except as otherwise provided in this section, the following are exempt from the tax imposed by this part: (a) The United States, this state, other states, and the agencies, political subdivisions, and enterprises of […]
