“Consolidated foreign operating corporation” means a corporation that, for the taxable year, satisfies all of the following conditions: 1.
(1)#
It is a member of a unitary business.
(2)#
It is included in the same federal consolidated return as at least one other corporation in that unitary business.
(3)#
It has active foreign business income, as defined in section 861 (c) (1) B of the Internal Revenue Code, in an amount that is 80 percent or more of the corporation’s worldwide income.