Average tax rate definition
Average tax rate means a person's total tax liability under this chapter for the calendar year for which the credit is claimed divided by the taxpayer's total taxable amount under this chapter for the calendar year for which the credit is claimed.
Average tax rate is defined as the provision for income taxes as a percent of Income Before Income Taxes. All other values used in the calculation of ROIC are quantified in the Company’s GAAP Balance Sheet, and have the same meaning as used for purposes of preparing the Company’s Consolidated Balance Sheet for the relevant fiscal year in accordance with GAAP.
Average tax rate means the amount reflected in cell B25 of Schedule 1.06-T hereto (using the “2023 Calc” tab), after entering the following into such Schedule: (i) in cells B13 through F13, the Agreed Tax Rates for each year end, from and including December 31, 2019 to and including the Reserve Cover End Date; (ii) in cells B12 through E12, the Year-End Reserve Cover Amount for the applicable year; and (iii) in cell F12, the Reserve Cover Amount in respect of the Reserve Cover End Date as finally determined pursuant to Section 1.06(c) or Section 1.06(e), as applicable. In the event that the Reserve Cover End Date occurs prior to December 31, 2023, the “Early Termination Calc” tab shall be used instead, and the number of inputs called for by the preceding sentence shall be adjusted accordingly in light of the reduced number of years between the Locked Box Date and the Reserve Cover End Date.
More Definitions of Average tax rate
Average tax rate means a person's total tax under this chapter for the reporting period divided by the taxpayer's total taxable income under this chapter for the reporting period.
Average tax rate means the average of all the various 62
Average tax rate means a person’s total B&O tax liability for the calendar year for which the credit is claimed divided by the taxpayer’s total taxable amount under the B&O tax for the calendar year for which the credit is claimed.