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BUSINESS INCOME AND RECEIPTS TAX REGULATIONS1

BUSINESS INCOME AND RECEIPTS TAX REGULATIONS1

www.phila.gov

(1) Stock possessing at least eighty (80%) percent of the voting power of all classes of stock and at least eighty (80%) percent of each class of the nonvoting stock of each corporation, except the common parent corporation, is owned directly by one or more of the other corporations.

  Business, Income, Receipt, Stocks, Nonvoting, Stock nonvoting, Business income and receipts tax regulations1, Regulations1

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