10-43-24.1 Payroll factor.
The payroll factor used in § 10-43-22.1 is a fraction, the
numerator of which is the total amount paid in this state during the tax period by the financial
institution for compensation, and the denominator of which is the total compensation paid in all
states of the United States, the District of Columbia, and any territory or political subdivision thereof
during the tax period.
Source: SL 1977, ch 96, § 9.