Apportioned income definition

Apportioned income means apportionable income multiplied by the
Apportioned income means apportionable income multiplied by the apportionment fraction as determined in Section 59-7-311.
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.

Examples of Apportioned income in a sentence

  • Apportioned income is taxed at the tax rate of the source jurisdic- tion, as under CIN.

  • Apportioned income from non-unitary FTEs and pro forma CIT business loss carryforward 25.26.

  • Apportioned income from non-unitary FTEs and pro forma CIT business loss carryforward 25.

  • Apportioned income (line 8 multiplied by line 9) ..............................................................................................................

  • Apportioned income shall be apportioned pursuant to application of a single sales factor to the same extent as the income of corporations and entities taxable under §11-24-1 et seq.

  • Apportioned income is determined by taking the total percentage of the three factors and dividing by four.

  • Apportioned income of nonresident taxpayer.For a nonresident taxpayer…apportioned income consists of…adjusted gross income for that year multiplied by the quotient of:(1) the taxpayer’s total receipts attributable to transacting business in Indiana, as determined under IC 6-5.5-4; divided by(2) the taxpayer’s total receipts from transacting business in all taxing jurisdictions, as determined under IC 6-5.5-4.

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

  • Apportioned income is current income to the month to which it is apportioned.

  • Apportioned income (line 8 multiplied by line 9) .........................................................s 10 .


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

Related to Apportioned income

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

  • 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.

  • 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:

  • 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.

  • 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.

  • 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.

  • 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.

  • Other Income means money received by a licensed manager from sources other than over the counter and machine sales.