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Select open access election is a form that allows eligible taxpayers to elect the alternative income threshold for purposes of determining the eligibility of the taxpayer to use the alternative method of computing the sales factor under the Corporation Business Tax Act.
Any taxpayer that meets the eligibility criteria specified in the Corporation Business Tax Act is required to file select open access election.
To fill out select open access election, taxpayers must provide relevant information such as name, tax identification number, and elect the alternative income threshold.
The purpose of select open access election is to allow eligible taxpayers to elect an alternative method of computing the sales factor under the Corporation Business Tax Act.
Taxpayers must report their name, tax identification number, and elect the alternative income threshold on the select open access election form.
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