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.

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