Uniform Division of Income for Tax Purposes Act Law and Legal Definition

The Uniform Division of Income for Tax Purposes Act provides standard criteria to assist in assigning the total taxable income of a multistate corporation among various states.

The Uniform Division of Income for Tax Purposes Act is designed for enactment in those states which levy taxes on or measured by net income. The U.S. states impose income tax on multistate business under the principles contained in the Uniform Division of Income for Tax Purposes Act.