Distribution Tax Rate definition

Distribution Tax Rate means a rate equal to the highest effective marginal combined federal, state and local income tax rate for a Fiscal Year applicable to corporate or individual taxpayers (whichever is higher) that may potentially apply to any Member for such Fiscal Year, taking into account the character of the relevant tax items (e.g., ordinary or capital) and the deductibility of state and local income taxes for federal income tax purposes (but only to the extent such taxes are deductible under the Code), as reasonably determined by the Manager.

Distribution Tax Rate means, with respect to a Fiscal Year or portion thereof, the higher of the then applicable (a) sum of the highest marginal effective U.S. federal individual income tax rate and highest combined marginal effective U.S. state and local individual income tax rate for an individual as reasonably determined by the Board of Managers and (b) sum of the highest marginal effective U.S. federal corporate income tax rate and the highest combined marginal effective U.S. state and local corporate income tax of any state in which the Company does business, in each case, taking into account the character of the relevant tax items (e.g., ordinary or capital) and the deductibility of state and local income taxes for federal income tax purposes (but only to the extent such taxes are deductible under the Code), as reasonably determined by the Board of Managers.

Distribution Tax Rate means a rate reasonably determined by the Manager, which rate shall be no greater than to the highest effective marginal combined federal, state and local income tax rate for a Fiscal Year applicable to corporate or individual taxpayers (whichever is higher) that may potentially apply to any Member (or, except in the case of the Corporation, its applicable direct or indirect beneficial owners) for such Fiscal Year, taking into account the character of the relevant tax items (e.g., ordinary or capital) and the deductibility of state and local income taxes for federal income tax purposes (but only to the extent such taxes are deductible under the Code).

Examples of Distribution Tax Rate in a sentence

• Dividend Distribution Tax (Rate at which tax is payable by the scheme on distributed income) Equity Oriented Schemes $ With effect from October 01, 2014, computation method of DDT has been revised from net basis to gross basis which has increased the actual DDT outgo.

• Dividend Distribution Tax (Rate at which tax is payable by the scheme on distributed income) $ Securities transaction tax (STT) will be deducted on equity funds at the time of redemption/ switch to the other schemes/ sale of units.^^ The rates appearing in the columns are effective from 1 June 2013.

• Yes Amount: $29.5 millionDistribution Period: 1 July 2013 to 31 December 2013 Distribution Rate: 4.69 cents per unitDistribution Type: Cash, Tax-exempt Distribution Tax Rate: Distributions to Unitholders are exempt from Singapore income tax, regardless of their nationality, corporate identity or tax residence status.

• Yes Amount: $29.5 millionDistribution Period: 1 July 2012 to 31 December 2012 Distribution Rate: 4.69 cents per unitDistribution Type: Cash, Tax-exempt Distribution Tax Rate: Distributions to Unitholders are exempt from Singapore income tax, regardless of their nationality, corporate identity or tax residence status.

• Yes Amount: $29.5 millionDistribution Period: 1 July 2014 to 31 December 2014 Distribution Rate: 4.69 cents per unitDistribution Type: Cash, Tax-exempt Distribution Tax Rate: Distributions to Unitholders are exempt from Singapore income tax, regardless of their nationality, corporate identity or tax residence status.

More Definitions of Distribution Tax Rate

Distribution Tax Rate means the tax rate determined in the sole discretion of the Manager.

Distribution Tax Rate means a rate equal to the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year applicable to a domestic corporation whose principal place of business is in New York City, New York (taking into account the deductibility of state and local taxes) as reasonably determined by the Manager.

Distribution Tax Rate means a rate equal to the highest effective marginal combined U.S. federal, state and local income tax rate for a Taxable Year applicable to a corporate taxpayer or an individual taxpayer resident in Atlanta, Georgia (whichever combined rate is highest) that may potentially apply to any Member or any direct or indirect partner or member (that is tax resident in only the United States) of any Member for such Taxable Year, taking into account the character of the relevant items of income or gain (e.g., ordinary or capital) and the estimated deductibility of state and local income taxes for U.S. federal income tax purposes (but only to the extent such taxes are deductible under the Code), as reasonably determined by the Manager. For the avoidance of doubt, there shall be a single Distribution Tax Rate for all Members.

Distribution Tax Rate means the actual combined effective federal, state and local tax rate applicable to individuals resident in San Francisco, California, in each case taking into account, without limitation, (a) the character of income allocated on the Class B Units and (b) deductibility of state and local taxes, to the extent actually deductible (including taking into account the impact of the “alternative minimum tax”).

Distribution Tax Rate means a rate equal to the highest effective marginal combined federal, state and local income tax rate for a Fiscal Year prescribed for a Colorado resident, as determined in the reasonable discretion of the Manager.

Distribution Tax Rate means (i) with respect to Tax Distributions made in the 2015 Fiscal Year, the Corporation’s combined federal, state and local statutory tax rate (taking into account the deductibility of state and local taxes for federal tax purposes) as reasonably determined by the Manager and (ii) with respect to Tax Distributions made in any other Fiscal Year, the tax rate determined in the sole discretion of the Manager.

Distribution Tax Rate means the combined federal and applicable state income tax rates based on the assumption that each Member is an individual or, if a greater amount of tax would result, a corporation, resident in the U.S. state that would result in the greatest amount of tax, subject to the maximum federal and applicable state income tax rates, as reasonably determined by the Managing Member.