apportionment formula
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 315 U.S. 501 - Butler Bros. v. McColgan, Franchise Tax Commissioner · 1942Most cited · 531 citing opinions
One who attacks a formula of apportionment carries a distinct burden of showing by 'clear and cogent evidence' that it results in extraterritorial values being taxed.