159. COMBINED REPORTING: PASSIVE HOLDING COMPANIES

159 COMBINED REPORTING: PASSIVE HOLDING COMPANIES 159.1 Passive holding companies. A passive holding company that is in a commonly controlled economic enterprise and holds intangible assets that are used by the enterprise in a unitary business shall be deemed to be engaged in the unitary business, even if the holding company’s activities are primarily passive. 159.2 A passive parent holding company that directly or indirectly controls one (1) or more operating company subsidiaries engaged in a unitary business shall be deemed to be engaged in a unitary business with the subsidiary or subsidiaries, even if the holding company’s activities are primarily passive. SOURCE: Final Rulemaking published at 59 DCR 10875, 10886 (September 14, 2012).