Section 7-4-14 - Payroll factor for apportionment of business income

The payroll factor is a fraction, the numerator of which is the total amount paid in this state during the tax period by the taxpayer for compensation, and the denominator of which is the total compensation paid everywhere during the tax period. History: 1953 Comp., § 72-15A-29, enacted by Laws 1965, ch. 203, § 14. ANNOTATIONSEffective dates. — Laws 1965, ch. 203, § 22 made Laws 1965, ch. 203, § 14 effective January 1, 1966.