In contrast, under Part 61, a pilot receives certification to teach. Only aircraft purchased by flight schools certified under Part 141 meet the criterion set out in the tax law and in Rule 3.297. Franchise Tax Holding On A Texas corporation holds various intangibles, which it licenses to entities in Texas and in other states and countries. This is the corporation's only business activity, and the corporation is not subject to tax in any other state. Under Texas Tax Code 171.1061, non-unitary income will be allocated rather than apportioned to Texas if the corporation's commercial domicile is in Texas.
All income is presumed to be unitary income.
In this case, all of the corporation's income is unitary. Therefore, the income will be apportioned rather than allocated. This opinion is about the applicability of an exemption under the private investigators act. Any person in the business of or performing any services as an investigations company, guard company, alarm systems company, armored car company, courier company or guard dog company must be licensed under the Private Investigators and Private Security Agencies Act. In other words, when a peace officer works directly for the entity receiving the security service, the service is not taxable.