apportionment


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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.

References in periodicals archive ?
factors and the relevant apportionment factors fashioned in Part III.
paid if the Compact indeed is to effect an equitable apportionment.
The second proposed amendment provides that if the tax administrator requires an alternative apportionment method, the tax administrator cannot impose any civil or criminal penalty on the tax due that is attributable to the taxpayer's reasonable reliance solely on the standard apportionment provisions (Proposed Multistate Tax Compact, Art.
Recent developments and the overall complexity surrounding apportionment planning and calculations across multiple jurisdictions creates a formidable challenge for even the most seasoned corporate tax professional," said Jennifer Lowe, Wolters Kluwer, CCH's Editorial Director for Research & Learning.
Modify the Compact's current equally-weighted apportionment formula to recommend a double-weighted sales factor, but ultimately provide states with flexibility to define their own factor weighting fraction; (3)
Switching to formula apportionment would increase tax revenues.
A look at apportionment using market-based sourcing rules.
Franchisors that face increased state tax filing obligations in a post-KFC world can still minimize their tax liabilities by understanding the nuances of state income tax apportionment rules and identifying the circumstances where these provisions can be used to the franchisor's advantage.
Categories: Legal Decision, Budget apportionment, Construction costs, Federal aid for highways, Federal aid for transportation, Federal aid to states, Highway planning, Maintenance costs, Public roads or highways, Requirements definition, Toll roads, Transportation costs, Transportation law, Trust funds
Overall, the results of this intercomparison of the health effects apportionments found that variations in PM source apportionment research group or method introduced relatively little uncertainty into the evaluation of differences in PM toxicity on a source-specific basis, adding an average of only approximately 15% to the overall source-specific mortality RR uncertainties.
Legal minds agree that the Supreme Court decision sounds like the death knell for the prevailing reasoning in favor of imposing joint and several liability in Superfund cases where sites involve "toxic soups," which preclude any equitable, reasonable way to perform fair-share apportionment of responsibility among contributors, be they site owners or managers, disposers, and/or generators of the hazardous waste.