(redirected from apportioning)
Also found in: Dictionary, Thesaurus, Legal, Idioms.


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.


To divide into parts.Co-owners of property may decide to apportion maintenance costs among themselves, according to the percentage of ownership enjoyed by each. Buyers and sellers usually apportion real estate taxes so that the portion earned by local government before closing,but not yet paid because not yet due,will be paid by the seller in the form of a credit against the purchase price.When the property tax bill is later received by the buyer,he or she will pay the entire bill in full, but will have already received the equivalent of reimbursement through the credit at closing.

References in periodicals archive ?
Plaintiff reasoned that, because the economic loss rule precluded her from suing the Fabre defendants in tort, it was improper and unfair for the defendant general contractor to decrease its percentage of fault by apportioning fault to these persons and entities.
The current method of apportioning seats in the House of Representatives of the United States, the so-called "method of equal proportions," does not even aim to make the populations of congressional districts as equal as possible.
Example 29 addresses the complexities of apportioning state income taxes levied on a unitary basis.
The same concept applies in apportioning unrelated-person interest under the asset value method.
5) In a second opinion, the Tax Court rejected the IRS's method of apportioning the company's mixed-source income under the IFP method and applied the 50/50 method.
The state supreme court affirmed the Oregon Tax Court's decision that a company may include gross receipts from its investment securities in the sales factor when apportioning income for corporate excise tax purposes.
Section 864(e) of the Code provides that the taxable income of each member of an affiliated group from sources outside the United States must be determined by allocating and apportioning interest expense for each member as if all members of such group were a single corporation.
Originally, the drafters of the interest allocation rules intended that a taxpayer that elected the fair market value (FMV) method of apportioning interest expense would be required to retain that method.
In contrast, most states have directly or indirectly adopted the UDITPA principle of first bifurcating income into "business" and "nonbusiness" components, and then apportioning only business income to each state in which the corporation is subject to tax while allocating each item of nonbusiness income to a specific state.
The new regulations retain the structure of the prior regulations by apportioning the taxpayer's income from Possession Purchase Sales on the basis of a business activity fraction.
Thus, we understand the thinking that led to the development of the sales and gross income methods of apportioning research expenses as tenuous proxies for identifying the income attributable to the intangible.
The provision regarding apportioning income applies to tax years beginning after 1997.