Business apportionment definition
Business apportionment means the portion of net profits to be apportioned to the Municipality as having been made in the Municipality, either under separate accounting method, or under the three factor formula of property, payroll and sales, provided for in Section 171.03.
Business apportionment means the portion of net profits to be allocated as having been earned within the City of Brookville. That percentage may be determined by actual books and records verifying such amounts or, in the absence of actual books and records, by the application of the three-factor formula of property, payroll, and sales as provided in the Income Tax Ordinance.
Business apportionment means the portion of net profits to be apportioned to Fairfield as having been made in Fairfield under the three-factor formula of property, payroll and sales, provided for in Section 181.03 (b) of the Ordinance.
Examples of Business apportionment in a sentence
Specifically, the transition services would include: · Access to the Seller’s personnel (to the extent they will not become UL employees as a result of the transaction) responsible for the information gathering and reporting processes for state income and sales/use tax nexus information of the Business (apportionment details for income tax filings, sales/use tax reporting details).