Unless the context otherwise requires, in this chapter
- (1) "allocation" refers to the assignment of nonbusiness income to a particular state;
- (2) "apportionment" refers to the division of business income between states by the use of a formula containing apportionment factors;
- (3) "business activity" refers to the transactions and activity occurring in the regular course of a particular trade or business of a taxpayer;
- (4) "taxpayer" means any natural person, corporation, partnership, firm, association, or governmental unit or agency acting as a business entity in this state.
(Eff. 5/24/78, Register 66)
Authority: AS 43.05.080, AS 43.19.010