State Tax Rate definition

State Tax Rate means, with respect to a particular state or locality, the highest applicable tax rate imposed under applicable law on the Separate Group Taxable Income of the Group for the relevant Taxable period (or portion thereof).
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State Tax Rate means with respect to each Taxable Event the highest marginal state tax rate applicable to income or gain having the same character as the income or gain arising from such Taxable Event applicable to the Protected Person in effect for the Taxable Period in issue; and shall be determined with respect to the state in which such income is taxable to the Protected Person having the highest marginal state tax rate, whether such state is the one in which the applicable property is located or the state of residence of the Protected Person subject to the provisions of Section 2(g)(iii). Appropriate adjustments shall be made if more than one non-federal income tax applies within a state.
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State Tax Rate means with respect to each Taxable Event the highest marginal state tax rate applicable to income or gain having the same character as the income or gain arising from such Taxable Event applicable to the Protected Person in effect for the Taxable Period in issue; and shall be determined with respect to the state in which such income is taxable to the Protected Person having the highest marginal state tax rate, whether such state is the one in which the Hilton Cincinnati Airport applicable property is located or the state of residence of the Protected Person subject to the provisions of Section 2(g)(iii). Appropriate adjustments shall be made if more than one non-federal income tax applies within a state.
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Examples of State Tax Rate in a sentence

  • IIT Gandhinagar is eligible for concessional rate of GST i.e. @ 5% under the Notification No. 45/2017, Central Tax (Rate), State Tax (Rate) and/or 47/2017, Integrated Tax (Rate), dated 14.11.2017 subject to applicability of the cited clause of GST on items based on directives of DSIR and is also eligible for concessional rate of custom duty.

  • Loan Year Source: U.S. Department of Labor, Employment and Training Administration.Notes: 2.7 Add-on = [(2.7% × 7000 ÷ U.S. Annual Average Wage) - Average Annual State Tax Rate on Total Wages] × State Annual Average Wage ÷ 7000.Benefit Cost Ratio (BCR) Add-on = Max [Five-year Average State Unemployment Compensation Outlays ÷ Taxable Wages, 2.7] - Average Annual State Unemployment Tax Rate on Total Wages.

  • The 2.7 add-on formula is [(2.7% × 7000 ÷ U.S. Annual Average Wage) - Average Annual State Tax Rate on Total Wages] × State Annual Average Wage ÷ 7000.

  • The County Name, County Code, and the applicable State Tax Rate for each county in which the person, firm, or corporation has business units or locations.

  • State Tax Rate: 2.5% as reflected in the Schedules of Periodic Rent, Lease Debt Amortization, Termination Values and the Pricing Assumptions.

  • If discretionary sales surtax was not paid: [(Sales Price – Reasonable Offset for Use) × State Tax Rate] = Amount of Florida Tax Refund.

  • The 2.7 add-on formula is [(2.7% x 7000/ U.S. Annual Average Wage)-Average Annual State Tax Rate on Total Wages] x State Annual Average Wage/7000.

  • ITER-India, IPR is entitled to avail concessional rate of GST @ 5% (2.5% CGST and 2.5% SGST) as per Central Goods and Service Tax (CGST) Notification No. 45/2017-Central Tax (Rate) dated 14th November, 2017, State Goods and Service Tax (SGST) Notification No. 45/2017 – State Tax (Rate) dated 15th November, 2017 and IGST @ 5% as per Notification No. 47/2017-Integrated Tax (Rate) dated 14th November, 2017 for supply of Goods.

  • If discretionary sales surtax was paid: [(Sales Price – Reasonable Offset for Use) × State Tax Rate] + [(Sales Price (not to exceed $5,000) – Reasonable Offset for Use) × Surtax Rate] = Amount of Florida Sales Tax Refund.

  • The Special Provisions, addenda to the Special Provisions signed by authorized representatives of the City and issued prior to bid opening, Equal Product Proposals accepted by the City and signed by authorized City representatives prior to bid opening, and change orders and other amendments to the Technical Specifications signed by authorized representatives of the City and the Contractor.


More Definitions of State Tax Rate

State Tax Rate means with respect to each Taxable Event the highest marginal state tax rate applicable to income or gain having the same character as the income or gain arising from such Taxable Event applicable to the Protected Person in effect for the Taxable Period in issue; and shall be determined with respect to the state in which such income is taxable to the Protected Person having the highest marginal state tax rate, whether such state is the one in which the applicable property is located or the state of residence of the Protected Person subject to the provisions of Section 2(g)(iii). Appropriate adjustments shall be made if more than one non-federal income tax applies within a state. Chicago Marriott Southwest at Xxxx Ridge “Taxable Event” means, with respect to each Protected Person, an event described in Section 2(a) giving rise to the requirement of the REIT or the Operating Partnership to pay Damages, subject to the provisions of Section 2(f).
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State Tax Rate means with respect to each Taxable Event the highest marginal state tax rate applicable to income or gain having the same character as the income or gain arising from Embassy Suites Hotel Cincinnati-RiverCenter such Taxable Event applicable to the Protected Person in effect for the Taxable Period in issue; and shall be determined with respect to the state in which such income is taxable to the Protected Person having the highest marginal state tax rate, whether such state is the one in which the applicable property is located or the state of residence of the Protected Person subject to the provisions of Section 2(g)(iii). Appropriate adjustments shall be made if more than one non-federal income tax applies within a state.
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State Tax Rate means with respect to each Taxable Event the highest marginal state tax rate applicable to income having the same character (e.g., ordinary income or long-term capital gain) as that arising from such Taxable Event applicable to the Contributor in effect for the Taxable Period in issue; and shall be determined with respect to the state in which such income is taxable to the Contributor or its owners having the highest marginal state tax rate, whether such state is the one in which the applicable property is located or the state of residence of the Contributor or its owners subject to the provisions of Section 2.1(g)(iii). Appropriate adjustments shall be made if more than one non-federal income tax applies within a state.
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State Tax Rate under the caption "Taxable Equivalent Yield Table - California" and in Appendix D to the Statement of Additional Information, insofar as they constitute matters of law or legal conclusions, constitute accurate statements of any such matters of law or legal conclusions, and fairly present the information called for with respect thereto by Form N-2 as of the Closing Date. Such counsel shall also have furnished to the Underwriters a statement, addressed to the Underwriters, dated as of the Closing Date, to the effect that such counsel has participated in the preparation of, and has had discussions with representatives of the Fund concerning, the statements set forth in the Registration Statement and the Prospectus under the caption "The Fund's Investments - Municipal Bonds -- Special Considerations Relating to California Municipal Bonds", "Tax Matters -- California Tax Matters", in the column titled "State Tax Rate" under the caption "Taxable Equivalent Yield Table - California" and in Appendix D to the Statement of Additional Information, and that based upon the foregoing, no facts have come to the attention of such counsel which would lead them to believe that the statements contained in the Registration Statement under such captions, as of the effective date, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein not misleading or that the statements contained in the Prospectus under such captions at the Closing Date contain any untrue statement of a material fact or omit to state any material fact required to be stated therein, in light of the circumstances under which they were made, not misleading.
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Related to State Tax Rate

  • State tax means the tax levied under this Act;

  • 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.

  • 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.

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

  • 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.

  • Base Tax Year means the property tax levy year used

  • 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.

  • 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.

  • 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.

  • Property tax increment means the amount obtained by:

  • 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.

  • 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.

  • Effective county tax rate means the actual county tax rate multiplied by a weighted average of the three most recent annual sales assessment ratio studies.

  • Applicable Tax State means the State in which the Owner Trustee maintains its Corporate Trust Office, the State in which the Owner Trustee maintains its principal executive offices and the State of Michigan.

  • Final Tax Amount has the meaning set forth in Section 4.01(b)(ii).

  • MUNICIPAL TAXABLE INCOME means the following:

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • 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.

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Taxable Wage Base means the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Anticipated county property tax revenue availability means the

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