Apportioned income definition

Apportioned income means apportionable income multiplied by the
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Apportioned income means apportionable income multiplied by the apportionment fraction as determined in Section 59-7-311.
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Apportioned income means business and farm income you report on PIT-B, line 8. Business and farm income includes income reported on federal Schedules C, C-EZ, F, or other schedules that characterize income as business-related. Business income is apportioned based on the location of the income-earning property or activity.
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Examples of Apportioned income in a sentence

  • All move-in and move-out of exhibits must be done only through designated loading docks, freight doors, and freight elevators.

  • Apportioned income is income that is earned and received in more than 8 but less than 12 months under an annual contract of employment.


More Definitions of Apportioned income

Apportioned income means apportionable income multiplied by the 2172 apportionment fraction as determined in Section 59-7-311. 2173 (5) "Business income" [is as] means the same as that term is defined in Section 2174 59-7-302. 2175 (6) (a) "Captive real estate investment trust" means a real estate investment trust if: 2176 (i) the shares or beneficial interests of the real estate investment trust are not regularly 2177 traded on an established securities market; and 2178 (ii) more than 50% of the voting power or value of the shares or beneficial interests of 2179 the real estate investment trust are directly, indirectly, or constructively: 2180 (A) owned by a controlling entity of the real estate investment trust; or 2181 (B) controlled by a controlling entity of the real estate investment trust. 2182 (b) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the 2183 commission may make rules defining "established securities market." 2184 (7) (a) "Common ownership" means the direct or indirect control or ownership of more 2185 than 50% of the outstanding voting stock of: 2186 (i) a parent-subsidiary controlled group as that term is defined in Section 1563, Internal 2187 Revenue Code, except that 50% shall be substituted for 80%; 2188 (ii) a brother-sister controlled group as that term is defined in Section 1563, Internal 2189 Revenue Code; or 2190 (iii) three or more corporations each of which is a member of a group of corporations 2191 described in Subsection (2)(a)(i) or (ii), and one of which is: 2192 (A) a common parent corporation included in a group of corporations described in 2193 Subsection (2)(a)(i); and 2194 (B) included in a group of corporations described in Subsection (2)(a)(ii). 2195 (b) Ownership of outstanding voting stock shall be determined by Section 1563, 2196 Internal Revenue Code. 2197 (8) (a) "Controlling entity of a captive real estate investment trust" means an entity 2198 that: 2199 (i) is treated as an association taxable as a corporation under the Internal Revenue 2200 Code; 2201 (ii) is not exempt from federal income taxation under Section 501(a), Internal Revenue
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Related to Apportioned income

  • Earned Income means the same as that term is defined in § 32(c) of the Internal Revenue Code. The

  • Unearned income means any income which is not earned income and includes supplemental security income (SSI) and other funds available to a child residing in a foster care placement.

  • Apportioned Obligations has the meaning set forth in Section 5.2(b).

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • allocable has the meaning specified in Section 2.5(d);

  • Apportionment means the apportionment as determined by Section

  • Apportionable vehicle means (except as provided below) any Power Unit that is used or intended for use in two or more Member Jurisdictions and that is used for the transportation of persons for hire or designed, used, or maintained primarily for the transportation of property, and:

  • Proportionate Interest has the meaning specified in Section 2.5(d);

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Apportioned Principal Balance For any Class of Subordinated Certificates and any Distribution Date, an amount equal to the Class Certificate Balance of such Class immediately prior to that Distribution Date multiplied by a fraction, the numerator of which is the applicable Group Subordinate Amount for such Distribution Date and the denominator of which is the sum of the Group Subordinate Amounts for such Distribution Date.

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Accrued income means the sum of:

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Transfer expenses means all expenses of a transfer that the transfer agreement requires the payee to pay or have deducted from the gross advance amount, including, but not limited to, court filing fees, attorney fees, escrow fees, lien recordation fees, judgment and lien search fees, finders' fees, commissions, and other payments to a broker or other intermediary. Transfer expenses do not include preexisting obligations of the payee that are payable for the payee's account from the proceeds of a transfer.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Combined Interest has the meaning assigned to such term in Section 11.3(a).

  • Apportionment Fraction With respect to each Class of Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Senior Certificates of any Certificate Group have been reduced to zero, a fraction the numerator of which is equal to the sum of the Subordinate Optimal Principal Amount of the Loan Group (or Groups) related to such Certificate Group (or Groups), and the denominator of which is equal to the Aggregate Subordinate Optimal Principal Amount.

  • Tax Refunds means refunds of any Cash paid by the Participating CCAA Parties on account of Taxes, refunded to such Participating CCAA Parties from time to time by the applicable Taxing Authorities;

  • Gross household income means gross income of a household as those terms are defined in rules of the authority.

  • Unpaid income tax means income tax due but not paid by the date the income tax is required to be paid under applicable law.

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Gross estate means the gross estate, for federal estate tax purposes.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act