Properly Allocable definition
Properly Allocable means with respect to any Allocable State Taxes the percentage of the total tax (not in excess of 100 percent) which the tax of the Reliant Retail Obligors if computed on a separate return would bear to the total amount of the taxes for all members of the group so computed.
Properly Allocable or “Allocable” means properly allocable in accordance with the Cost Accounting System.