- (a) Apportionment means the division of business income between states by the use of a formula containing apportionment factors.
- (b) Allocation means the assignment of nonbusiness income to a particular state.
- (c) Business activity means the transactions and activity occurring in the regular course of a particular trade or business of a taxpayer.
(Authorized by K.S.A. 79-3236, 79-3271, 79-3272, 79-4301; effective May 1, 1979.)