Opinion ID: 1990251
Heading Depth: 3
Heading Rank: 1

Heading: Before 1996

Text: GTE read the version of KRS 141.120 in effect at that time to authorize multiple corporations engaged in a unitary business to file combined income tax returns. GTE, 889 S.W.2d at 791. As noted above, this meant that related corporations (e.g., a parent and subsidiary) could effectively file a single tax return. The Court so held despite the fact that KRS 141.200(1) at the time required that [c]orporations that are affiliated must each make a separate return. The Court read corporation as used in KRS 141.200 to mean both individual corporations and groups of corporations that operated as a unitary business. GTE, 889 S.W.2d at 793. [1] This meant that GTE and its subsidiaries would be treated as a single business under the unitary business concept and they could therefore file a combined return.