Estimated Taxable Income definition

Estimated Taxable Income means, as of any Calculation Date, a good-faith estimate of the taxable income of the Company for the current Tax Year through the end of calendar quarter in which such Calculation Date occurs.
Sample 1Sample 2Sample 3
Estimated Taxable Income means book income of the Partnership computed in accordance with GAAP adjusted to reflect the estimated depreciation and amortization timing differences between financial reporting and income tax reporting.
Sample 1Sample 2Sample 3
Estimated Taxable Income means for any fiscal year or fiscal quarter of the Borrower, (a) the cumulative estimated U.S. federal taxable income of the Borrower (computed as if the Borrower was a taxable Person) allocable to its equity owners with respect to their ownership in the Borrower for such fiscal year or the portion of the fiscal year ending with the end of such fiscal quarter, reduced by (b) any losses from prior fiscal years or prior fiscal quarters to the extent such prior losses have not been previously taken into account in determining tax distributions pursuant to Section 6.04(a)(i)(B); provided that such cumulative estimated U.S. federal taxable income shall be computed (i) without taking into account any items of income, gain, loss or deduction specially allocated under Section 704(c) of the Code, and (ii) by taking into account adjustments under Section 743(b) of the Code.
Sample 1Sample 2Sample 3

Examples of Estimated Taxable Income in a sentence

  • Provision for current tax is made on the basis of Estimated Taxable Income of the Current Accounting Year in accordance with Income Tax Act, 1961.

  • Estimated Taxable Income (Subtract Line 7 from Line 5, Column A)8.

  • To the extent permitted by law and consistent with the Company’s obligations to its creditors as determined by the Managers, and unless otherwise determined by an Affirmative Vote, the Company shall make Tax Distributions at least once each calendar year (or more frequently if the Managers deem appropriate) as necessary to pay each Member’s pro-rata share of the Estimated Taxable Income.

  • Decrease in PTU paid in estimated Payments This decrease incorporated into the Law remains within the procedure to determine the estimated payments that legal entities may reduce from Estimated Taxable Income for the corresponding estimated payment, the PTU paid in the tax year at issue in equal parts, beginning in May.

  • Details of all surface finishes proposed around the building and car parking area together with details of the landscaping are detailed in the drawings submitted.

  • IMPAC FUNDING CORPORATION (in thousands) (unaudited) Reconciliation of Federal Estimated Taxable Income to Net Earnings (1) (1) Federal estimated taxable income include estimates of book to tax adjustments and can differ from actual taxable income as calculated when IFC files its annual corporate income tax return for 2004.

  • Regression Results Dependent VariableEstimated Taxable Income Pre-tax Income Tax Expense Coefficient (t-statistic)Coefficient (t-statistic)Coefficient (t-statistic)Independent VariablesIndustry Fixed EffectFirm Fixed Effect Yes Yes YesObservations R-squared180,0490.025153,8960.024180,0490.019Notes: The dependent variables, Estimated Taxable Income, Pre-Tax Income and Tax Expense, are three different proxies for the firms’ taxable income and are all scaled by assets.

  • Estimated Taxable Income Per Unit for Calendar Year 2022 As we mentioned in the Member Distribution letter you received in November, Cardinal Ethanol is a limited liability company that, for income tax purposes, passes its taxable income to its members.

  • In the event any income tax return of the Company, as a result of an audit, reflects items of income, gain, loss or deduction that are different from the Estimated Taxable Income and such results in additional income or gain of the Company being allocated to the Members, an additional Tax Distribution shall be made as necessary to cover the actual income tax incurred by each Member calculated in the same manner as the calculation for Estimated Taxable Income.

  • Table 2: Summary Statistics of Estimated Taxable Income ElasticitiesPaperFocusBest EstimateTax Change (Years)Permanent v.


More Definitions of Estimated Taxable Income

Estimated Taxable Income means the amount specified in a notice of election given by a person under section 40 as the amount of taxable income that the person estimates that he or she will earn in the election period
Sample 1Sample 2
Estimated Taxable Income means, for the relevant period, an estimate of the taxable income of the Company, determined in good faith by the Tax Matters Partner in accordance with IRC Section 703(a), but excluding any items of taxable income, gain, loss, or deduction allocated pursuant to Section 6.8(c), (e) or (f) and any section 704(c) gain for which a distribution under Section 7.1(a) is to be made. For the avoidance of doubt, the determination of the Company’s taxable income shall not take into account any adjustment under IRC Section 743(b) associated with any Partner.
Sample 1
Estimated Taxable Income x Total Tax Rate % = Estimated Tax Withholding $ --------- -------- --------------. * IF YOU INCREASE THE WITHHOLDING RATE ABOVE 27% AND PLAN TO CHECK BOX III (B), PLEASE SEE THE IMPORTANT NOTE IMMEDIATELY ABOVE ** The closing price of a share of BlackRock common stock on the day prior to exercise.
Sample 1

Related to Estimated Taxable Income

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Estimated taxes means the amount that the taxpayer reasonably estimates to be the taxpayer's tax liability for a municipal corporation's income tax for the current taxable year.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • MUNICIPAL TAXABLE INCOME means the following:

  • Consolidated Taxes means, with respect to any Person for any period, the provision for taxes based on income, profits or capital, including, without limitation, state, franchise, property and similar taxes, foreign withholding taxes (including penalties and interest related to such taxes or arising from tax examinations) and any Tax Distributions taken into account in calculating Consolidated Net Income.

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

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Covered Taxes means any and all U.S. federal, state, local and foreign taxes, assessments or similar charges that are based on or measured with respect to net income or profits, whether as an exclusive or an alternative basis (including for the avoidance of doubt, franchise taxes), and any interest imposed in respect thereof under applicable law.

  • Related Taxes means, without duplication (including, for the avoidance of doubt, without duplication of any amounts paid pursuant to any Tax Sharing Agreement):

  • Cash Taxes in respect of any fiscal period means amounts actually paid by the Companies in such fiscal period in respect of income and capital Taxes (whether relating to such fiscal period or any other fiscal period).

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • 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.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • 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.

  • 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.

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

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • 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.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.