Definition of Income Tax


Income Tax means federal, state, local, or foreign income or franchise Taxes or other similar Taxes measured in whole or in part by income and any interest and penalties or additions thereon.


Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

Income Tax means any Tax based upon, measured by, or calculated with respect to (i) net income, profits, or receipts (including capital gains Taxes and minimum Taxes) or (ii) multiple bases (including corporate franchise and business license Taxes) if one or more of the bases on which such Tax may be based, measured by, or calculated with respect to is described in clause (i), in each case together with any interest, penalties, or additions to such Tax.

Examples of Income Tax in a sentence

Seller is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those items are defined in the Internal Revenue Code and Income Tax Regulations).
Further, the Administrative Agent is indemnified under SS 1.1461-1(e) of the United States Income Tax Regulations against any claims and demands of any Lender or assignee or participant of a Lender for the amount of any tax it deducts and withholds in accordance with regulations under SS 1441 of the Internal Revenue Code.
The parties hereto adopt this Agreement as a "plan of reorganization" within the meaning of Sections 1.368-2(g) and 1.368-3(a) of the United States Income Tax Regulations.
For all purposes of the Plan and any option granted hereunder, "employment" shall be defined in accordance with the provisions of Section421-7(h) of the Income Tax Regulations (or any successor regulations).
United States Federal Income Tax I.D. Number: _______________ III.



More definitions of Income Tax

Income Tax means any income, franchise or similar Taxes imposed on (or measured by) net income or net profits.


Income Tax means any Tax which is, in whole or in part, based on or measured by gross or net income or gains.