Nonapportionable income definition

Nonapportionable income means all income other than apportionable income. “Apportionable income” means all income that is apportionable under the U.S. Constitution. Nonapporationable income is not subject to apportionment, but is allocated.
Sample 1Sample 2Sample 3
Nonapportionable income means all Nonapportionable income. – All
Sample 1Sample 2Sample 3
Nonapportionable income means all income other than apportionable income.
Sample 1Sample 2Sample 3

More Definitions of Nonapportionable income

Nonapportionable income means all income other than apportionable income. Rents, royalties, gains or losses, and interest also can be nonapportionable income if they arise from investments not related to the regular course of the tax‑ payer’s business. Nonapportionable income is allocated to a particular state based upon the source of the income. Gain or loss from the sale of a partnership interest may be allocable to Oregon [ORS 314.635(4)]. The amounts allocable to Oregon must be added to Oregon’s apportioned income. See ORS 314.610 and the supporting administrative rules.
Sample 1Sample 2
Nonapportionable income means all income other than apportionable income. The classification of income by the labels customarily given them, such as interest, dividends, rents, and royalties, is not conclusive in determining whether the income is apportionable or nonapportionable income. Nonapportionable income will be considered only if a detailed explanation is completed and attached.
Sample 1Sample 2
Nonapportionable income means all income other than apportionable income. “Apportionable income” means all income that is apportionable under the U.S. Constitution. Nonapportionable income is not subject to apportionment, but is allocated. G.S. 105-130.4 and the instructions for completing Form CD-405, C-Corporation Tax Return, should be consulted for detailed information regarding nonapportionable income.
Sample 1Sample 2
Nonapportionable income means all income other than apportionable income. Rents, royalties, gains or losses, and interest also can be nonapportionable income if they arise from investments not related to the regular course of the
Sample 1
Nonapportionable income means all income other than apportionable income. “Apportionable income” means all income that is apportionable under the U.S. Constitution. Nonapporationable
Sample 1

Related to Nonapportionable income

  • 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.

  • Disposable income means that part of the income due and payable of any individual remaining

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.