Municipal Net Profit Tax


If I elected to file a consolidated return in a municipal corporation prior to opting-in with the Department, must I continue to file a consolidated tax return?

Yes. The binding five-year period created by an election to file a consolidated return or an election to discontinue filing a consolidated tax return is binding on the Department whether the election was made with the municipal corporation or with the Department.  Any elections made with a municipal corporation carry over to the administration of the tax by the Department.