Income Tax Rate definition

Income Tax Rate shall be the actual percentage tax rate that will be applied to Seller in the Base Output Period.
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Income Tax Rate means the highest marginal combined federal and state income tax rate imposed on income (other than capital gains and dividends) of corporations resident in the state in which the Company’s principal office is located, calculated taking into account the deductibility of state and local income taxes for federal income tax purposes.
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Income Tax Rate means 42.0%.
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Examples of Income Tax Rate in a sentence

  • The Income Tax Rate was initially established at the rate of two and one half percent (2.5%) in accordance with Section 715.72(F) of the Revised Code.

  • The Income Tax Rate shall initially be established at the Germantown income tax rate of one and one half percent (1.5%) through December 31, 2024, and at a rate of 1.25% thereafter, in accordance with Section 715.72(F) of the Revised Code.

  • The Income Tax Rate was initially established at the rate of two percent (2.0%), and is currently established at the rate of two and one half percent (2.5%) in accordance with Section 715.72(F) of the Revised Code.

  • The amount which must be repaid by the General Partner to the Fund in respect of any Limited Partner shall not exceed the amounts distributed to the General Partner as Carried Interest pursuant to Sections 7.2(b)(iii), 7.3 and 13 in respect of such Limited Partner after deducting from such amount the aggregate income tax liability of each Person whose tax liability is determined by reference to the income of the General Partner determined by using the Assumed Income Tax Rate.

  • The amount distributable pursuant to this Section 7.2(f) shall be determined by the General Partner in its reasonable discretion, based on the Assumed Income Tax Rate and other reasonable assumptions as the General Partner determines in good faith to be appropriate.

  • TAR = Tax Adjusted Return, which shall be the percentage derived by dividing the Return on Equity as of the end of the applicable Billing Period by the difference between one (1) less the Income Tax Rate as of the end of that Billing Period.

  • The Income Tax Rate is a combination of the Federal Income Tax Rate and the Provincial Income Tax Rate.

  • Current Age: [ ] Estimated Net Worth: In excess of [ ] Management Fee: See Exhibit II Expected Retirement Age: Retired Marginal Income Tax Rate: Greater than [30%] for Federal Ordinary Income Taxes Retirement Goal: Sufficient returns from all investment sources to cover retirement cost of living which is itself variable.

  • The amount distributable pursuant to this Section 3.6 shall be determined by the General Partner in its discretion, using the Assumed Income Tax Rate.

  • In no event will any Guarantor be obligated hereunder with respect to the Clawback Obligation in an amount that exceeds the total Carried Interest distributions received by such Guarantor from the General Partner minus the product of (a) such total and (b) the Assumed Income Tax Rate.


More Definitions of Income Tax Rate

Income Tax Rate. The sum of: (a) the highest United States federal corporate income tax rate in effect as of the end of the applicable Billing Period; plus (b) a weighted average of the highest state corporate income tax rates in effect as of the end of that Billing Period in the states in which the owners of Grid Assurance are legally domiciled for tax purposes.
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Income Tax Rate means the combined federal, state and local income tax rate applicable to the period in question for any Member who is an individual and who is taxed at the highest marginal rates (after giving effect to a full federal income tax deduction for state and local income taxes, and after taking into account the character of the income to which the rate is applied).
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Income Tax Rate means, for any period, the positive percentage equivalent (expressed as a decimal, rounded upward to the next 1/100th of 1%) of the Company's income tax expense divided by the sum of (i) the Company's net income (or net loss) plus (ii) income tax expense, in each case determined on a consolidated basis in accordance with GAAP for such period.
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Income Tax Rate shall refer to the tax rates applicable to the enterprise income tax and the local income tax that Party A is liable to pay in accordance with the Income Tax Law for Foreign Invested Enterprises.
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Income Tax Rate means the total tax rate of income tax provided for in the Income Tax Act and special income tax for reconstruction provided for in the Act on Special Measures Concerning the Securing of Financial Resources for Reconstruction Measures Involving the Great East Japan Earthquake (Act No. 117 of 2011);
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Related to Income Tax Rate

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Tax Rate means the rate imposed under section 51 of the income tax act of 1967, 1967 PA 281, MCL 206.51, for the tax year in which the tax year of the taxpayer for which the credit is being computed begins.

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • Income Tax Returns mean all Tax Returns that relate to Income Taxes.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Effective State average tax rate means the average of effective county tax rates for all counties.

  • Marginal Tax Rate means the maximum marginal regular Federal individual income tax rate applicable to ordinary income or the maximum marginal regular Federal corporate income tax rate, whichever is greater.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Consolidated Income Tax Expense means, for any period, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), and all franchise taxes of Borrower, as determined on a Consolidated basis and in accordance with GAAP.

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Presumed Tax Rate means the highest effective marginal statutory combined U.S. federal, state and local income tax rate prescribed for an individual residing in New York City (taking into account (i) the deductibility of state and local income taxes for U.S. federal income tax purposes, assuming the limitation of Section 68(a)(2) of the Code applies and taking into account any impact of Section 68(f) of the Code, and (ii) the character (long-term or short-term capital gain, dividend income or other ordinary income) of the applicable income).

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Applicable Tax Rate means the estimated highest aggregate marginal statutory U.S. federal, state and local income, franchise and branch profits tax rates (determined taking into account the deductibility of state and local income taxes for federal income tax purposes and the creditability or deductibility of foreign income taxes for federal income tax purposes) (“Tax Rate”) applicable to any Partner on income of the same character and source as the income allocated to such Partner pursuant to Sections 5.04(a) and (b) for such fiscal year, fiscal quarter or other period, as determined by the Tax Matters Partner in its discretion; provided that, in the case of a Partner that is a partnership, grantor trust or other pass-through entity under U.S. federal income tax law, the Tax Rate applicable to such Partner for purposes of determining the Applicable Tax Rate shall be the weighted average of the Tax Rates of such Partner’s members, grantor-owners or other beneficial owners (weighted in proportion to their relative economic interests in such Partner), as determined by the Tax Matters Partner in its discretion; provided, further, that if any such member, grantor-owner or other beneficial owner of such Partner is itself a partnership, grantor trust or other pass-through entity similar principles shall be applied by the Tax Matters Partner in its discretion to determine the Tax Rate of such member, grantor-owner or other beneficial owner.

  • Incremental income tax means the total amount withheld

  • Federal Income Tax means any Tax imposed by Subtitle A or F of the Code.

  • Non-Income Taxes means any Taxes other than Income Taxes.