Tax Apportionment
/ˈtæks əˌpɔːrʃənmənt/
Definitions
- (n.) The legal method of distributing tax liability or payment obligation proportionally among different parties, properties, or jurisdictions based on statutory or contractual rules.
The tax apportionment among the several states was determined according to each state's share of the income.
Forms
- tax apportionment
- tax apportionments
Related terms
See also
Commentary
Tax apportionment is a specialized term often used in multijurisdictional tax contexts to avoid double taxation or to allocate tax burdens fairly across parties or regions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.