Apportionment

A division. The term may be used in insurance to indicate which policy bears what percentage of a loss. Alternatively, it may be used in the sale of real estate to show the property tax or insurance the buyer and the seller each owe for a year. See also: Apportionment Clause.

apportionment

the breakdown of COSTS (and REVENUES) between different products, functions or company departments, where it is not possible to attribute costs (and revenues) directly to the departments where the cost or revenue concerned arises. For example, it is generally impossible to allocate rent and rates OVERHEADS exactly between departments in a factory and they can only be apportioned on some equitable basis such as the respective floor areas of departments. Such apportionments can help in assessing the profitability of different departments or products. See ALLOCATION, BUDGETING, STANDARD COST.

apportionment

Division into parts.Typically used when deciding how to allocate expenses relative to oil and gas leases,and when deciding that portion of the income of a company or utility that was earned in a particular state and thus subject to state income taxes. See apportion.

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References in periodicals archive

To calculate their overall apportionment and aggregate state corporate income tax liabilities in Maryland and Virginia, the sales factor sourcing methods that Company A and Company B must use will be vastly different.

Cost-of-Performance Versus Market-Based Sourcing

The work comprises a river stem model of the Indus basin in Pakistan and the associated tool for modelling the 1991 Water Apportionment Accord.

Sindh CM discusses Water Apportionment Accord model with Australian experts in Karachi

If the tax department finds an allocation or apportionment method "inapplicable" or "unequitable," other methods can be used to recalculate the tax in a way that reasonably allocates income to business activity in Virginia.

Tax assessment did not violate commerce clause

Historically, in accordance with the 1957 Uniform Division of Income for Tax Purposes Act, (8) income apportionment among states where a corporation has nexus considered three factors relative to company totals: (1) state-located property; (2) state-resident sales; and (3) state-resident payroll.

Managing corporate state net operating losses

The Authority issued a guide providing a comprehensive and simplified explanation of Input Tax apportionment methods, available on the FTA's website on the following link: https://www.tax.gov.ae/pdf/Input%20Tax%20Apportionment%20Guide%20EN%20December%202018.pdf

Federal Tax Authority Outlines 4 Methods for Input Tax Apportionment for Businesses Making Mixed Supplies

She said that the Water Apportionment Accord of 1991 was being severely violated and that the regulatory bodies were responsible for this.

Sindh accuses Irsa of violating water accord

The statement said that afterwards a meeting of the association was held wherein it was decided that the committee had to become inclusive and should propose the annulment of apportionment formulae 93 before proceeding further.

Dr Ishrat briefs PCS officers on civil reforms

'In the case of sale tax apportionment, government has to decide whether to absorb such deductions or to pass these on to the consumers through increased tariff.

IPPs hopeful of resolution of long overdue payment, taxes

of apportionment that address the nonapportionment post-1920.

REAPPORTIONMENT, NONAPPORTIONMENT, AND RECOVERING SOME LOST HISTORY OF ONE PERSON, ONE VOTE

On April 18, 2017, the Connecticut Department of Revenue Service (DRS) issued Special Notice 2017(1), which provides guidance on the recent apportionment changes applicable to corporate and individual taxpayers.

Changes to apportionment rules for Connecticut taxpayers

He was addressing the Plenary Workshop on Water Apportionment Accord-1991 which was held in Islamabad on Wednesday.

Minister terms 1991 Water Apportionment Accord a great success