Examples of Base Tax Rate in a sentence
Effective July 1, 2013, there is an annual adjustment to the motor fuel tax in excess of the Base Tax Rate.
The Board of Managers shall consider adjusting the Base Tax Rate to be above 54% if requested by a Member upon a determination that the federal and state tax rates affecting the Member (or the Member’s taxpayers) have increased by more than 1%; provided, however, the Board of Managers shall have no obligation to increase the Base Tax Rate.
The Base Tax Rate per Unit shall be used as the Maximum Special Tax for all Buildable Lots included in the Final Map, except Affordable Units (as designated by the Affordable Housing Director) which shall be set at one-half of the rate of Market Units within the Final Map.
For example:Advanced Interest: 0.20%Extended Benefit: 0.10%Stabilization Rate: 0.80% Example Employer’s Base Tax Rate: 2.90% Total Tax Rate: 4.00%Advanced Interest Tax RateThe 0.20% Advanced Interest tax is imposed the quarter following the quarter in which an outstanding Title XII advance begins to accrue interest.Reference: Arkansas Code §11 -10-708Extended Benefit Tax RateThe extended benefit tax is a 0.1% tax on taxable payrolls to finance the payment of extended benefits.
Subject to Section 5.1, the Company shall distribute to all Members prior to the tenth (10th) day after the end of each calendar quarter an aggregate amount equal to the Base Tax Rate times the allocations of taxable income made or expected to be made pursuant to this Article 5 for such quarter (the “Tax Distribution”).