Base Withholding Amount. The Base Withholding Amount is equal to the Base Employment Number multiplied by the base average wage multiplied by the effective State income tax withholdings rate. The Base Withholding Amount will be adjusted each Taxable Year for inflation, using the United States Bureau of Labor Statistics Compensation (Not Seasonally Adjusted): Employment Cost Index for Total Compensation, private industry workers.
Appears in 22 contracts
Samples: Tax Credit Agreement, Tax Credit Agreement, Tax Credit Agreement
