(a) Filing of consolidated returns may be permitted, required or denied in accordance with rules and regulations prescribed by the Administrator.
(b) In the case of a corporation that carries on transactions with its stockholders or with other corporations related by stock ownership, interlocking directorates or some other method, or in case any person operates a division, branch, factory, office, laboratory or activity within the City of Stow 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 of Stow. If the Administrator finds that net profits are not properly allocated to the City of Stow by reason of transactions with stockholders or with other corporations related by stock ownership, interlocking directorates or transactions with such division, branch, factory, office laboratory or activity or by some other method, he shall make such allocation as he deems appropriate to produce a fair and proper allocation of net profits to the City of Stow.
(Ord. 2000-130. Passed 4-13-00.)