(A) Filing of consolidated returns may be permitted or required in accordance with rules and regulations prescribed by the Administrator.
(B) In the case of a corporation that carried on transactions with its stockholders or with other corporations related by stock ownership, interlocking directorates or some other method, or in the case of a person who operated a division, branch, factory, office, laboratory or activity within the city constituting a portion only of its total business, the Administrator shall require such additional information as he may deem necessary to ascertain whether net profits are properly allocated to the city. If the Administrator finds that net profits are not properly allocated to the city by reason of transactions with stockholders or with other corporations related by stock ownership, interlocking directorates or some other method, or transactions with such division, branch, factory, office, laboratory or activity, he or she shall make such allocation as he or she deems appropriate to produce a fair and proper allocation of net profits to the city.
(Ord. 66-67, passed 12-18-1967)