0MB appropriates, Congress apportions, and the Agency allots funding.
Congress appropriates, 0MB apportions, and the Agency allots funding.
In general CPAs will find a company with its principal business location in a state that apportions
income using a single-sales-factor formula stands to gain from apportionment to states where it has a taxable presence for franchise tax purposes when those states use a multiple-factor formula.
That tax ("State Tax") on any pipeline's total gross receipts ignores the constitutional requirement to apportion
the income to be taxed between instate and out-of-state commerce.
The Universal Fare System will store and analyze the data on where a rider boarded, transferred, and where and when any additional value was loaded onto the card; it then apportions
the revenues among the participating agencies.
Example 2 treats one-half the income as manufacturing income and apportions
it according to the location of the taxpayer's property.
The Department also apportions
revenue collections for distribution to the various state funds and local units of government.
profits in an online environment in exactly the same way they are allocated in the bricks and mortar world.