Apportionable income definition

Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.
Apportionable income means adjusted income less nonbusiness income net of
Apportionable income means adjusted income less nonbusiness income net of related expenses, to the extent included in adjusted income.

Examples of Apportionable income in a sentence

Apportionable income includes income arising from transactions and activity in the regular course of the taxpayer’s trade or business.

Apportionable income is apportioned among jurisdictions by use of a formula.

Apportionable income also includes income from tangible and intangible property, if the acquisition, management, employment, development, or disposition of the property is or was related to the operation of the taxpayer’s trade or business.

Apportionable income includes all income or loss of corporations, other than nonapportionable income as specified in par.

Business Apportionable income includes income arising from transactions and activity in the regular course of the taxpayer’s trade or business.


More Definitions of Apportionable income

Apportionable income means income arising from transactions and activities in the regular course of a corporation’s trade or business. Apportionable income includes income from both tangible and intangible property if the acquisi- tion, management or disposition of the property constitutes integral parts of the corporation’s regular trade or business. It includes invest- ment income related to or used in the corporation’s overall business operations. The following sources of income are apportionable and must be included:
Apportionable income means gross income of the business generated from engaging in apportionable activities, including income received from apportionable activities performed outside this state if the income would be taxable under this chapter if received from activities in this state, less the exemptions and deductions allowable under this chapter. For purposes of this subsection, "apportionable activities" means only those activities taxed under:
Apportionable income means apportionable receipts less the deductions allowable under chapter 82.04 RCW.
Apportionable income means all Apportionable income. – All income that
Apportionable income means the gross income of the business taxable under RCW 82.04.290, including income received from activities outside this state if the income would be taxable under RCW 82.04.290 if received from activities in this state, less the exemptions and deduc- tions allowable under chapter 82.04 RCW.
Apportionable income means gross income of the business generated from engaging in apportionable activity, including income received from apportionable activity per- formed outside Washington if the income would be taxable under the business and occupation tax if received from activ- ities in Washington less any allowable exemptions and deductions under chapter 82.04 RCW.
Apportionable income means all income that is apportionable under the United States Constitution.